LondonMetric Property, a FTSE 250 REIT, has completed on the sale of a new M&S Foodhall in Derby.
The £6.2 million deal has been a long time coming, with exchange of the sale announced in 2021.
The completion came alongside the sale of six other long income assets for £33.9 million.
Andrew Jones, Chief Executive of LondonMetric, said: “With the investment market strengthening over the past few months, we have taken advantage of this improved liquidity to opportunistically sell down some of our more mature long income assets.
“These sales crystalise strong returns and have been transacted at attractive yields and narrow discounts to book values.”
