The properties are part of a 27-asset portfolio acquired in 2014 for £175m at a net initial yield of 9.3%.
LondonMetric has a joint venture with DFS, which has now sold 17 stores for £114.6m.
- 40-acre logistics development site acquired
- Royal Mail distribution warehouse sold for £48.8m
- LondonMetric sells retail park for £15.3m
The joint venture has delivered an internal rate of return to its partners of 23% per annum and a profit of over £50m.
Atlantic Leaf Properties Limited recently acquired a 45% interest in the joint venture from LVS II Lux X Sarl.
LondonMetric is a real estate investment trust that specialises in distribution, convenience and long-income property.
The company has 12 million sq ft under management.
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