27th Jan 2014 10:17
LONDON (Alliance News) - LondonMetric Property PLC Monday said it has exchanged contracts on the sale of the Odeon Multiplex Cinema in Dudley for GBP7.7 million to clients of Aberdeen Asset Management.
It said the price reflects a net initial yield of 5.95%, falling to c. 5.8% in June when a further top-up is due.
LondonMetric shares were down 0.4% at 134.73 pence Monday morning.
By Steve McGrath; [email protected]; @SteveMcGrath1
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