LondonMetric Property PLC 120,000 SQ FT URBAN LOGISTICS PRE-LET AGREED (8372H)
08 Dicembre 2020 - 08:00AM
UK Regulatory
TIDMLMP
RNS Number : 8372H
LondonMetric Property PLC
08 December 2020
8 December 2020
LONDONMETRIC AGREES 120,000 SQ FT URBAN LOGISTICS PRE-LET
LondonMetric Property Plc ("Company") announces that it has
exchanged contracts with a global retail company on a new 15 year
lease at an annual rent of GBP1.6 million, subject to upward only
inflation linked rent reviews, at its Tyseley development near
Birmingham.
The 120,000 sq ft last mile logistics warehouse will mark the
completion of the development scheme, which will now extend to over
250,000 sq ft.
The rent of c.GBP14 psf reflects a very low site cover of 24%
which accommodates the occupier's need for vehicle parking and
movement.
Planning consent has been received and construction is expected
to commence imminently with completion anticipated in summer 2021.
The warehouse will target a BREEAM Excellent rating and is designed
to allow the occupier to adopt a full electric vehicle delivery
fleet.
The site was acquired by the Company as part of its Mucklow
acquisition and is located a few miles south east of Birmingham
city centre and within close proximity to the M6/M42.
Andrew Jones, CEO of LondonMetric, commented:
"This is a fantastic pre-let and we look forward to creating a
state of the art urban logistics facility. The location and
flexibility of our site will help ensure that this becomes one of
the most efficient fulfilment facilities within the Birmingham
area."
For further information, please contact:
LondonMetric Property Plc
Andrew Jones / Martin McGann / Gareth Price
Tel: +44 (0) 20 7484 9000
FTI Consulting
Dido Laurimore / Richard Gotla / Andrew Davis
Londonmetric@fticonsulting.com
Tel: +44 (0) 20 3727 1000
About LondonMetric Property Plc
LondonMetric is a FTSE 250 REIT that owns one of the UK's
leading listed logistics platforms alongside a diversified long
income portfolio. It owns and manages desirable real estate that
meets occupiers' demands, delivers reliable, repetitive and growing
income-led returns and outperforms over the long term. LondonMetric
has 16 million sq ft under management.
Further information is available at www.londonmetric.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
CNTBCBDDRBGDGGR
(END) Dow Jones Newswires
December 08, 2020 02:00 ET (07:00 GMT)
Grafico Azioni Londonmetric Property (LSE:LMP)
Storico
Da Feb 2024 a Mar 2024
Grafico Azioni Londonmetric Property (LSE:LMP)
Storico
Da Mar 2023 a Mar 2024