LondonMetric Property Plc (LMP.L) announced it has completed the acquisition of the Tesco.com Distribution Centre in Croydon from CBRE Global Investors. The purchase price is 21.1 million pounds, net of acquisition costs.
Following the acquisition, LondonMetric's distribution portfolio totals 555.3 million pounds, comprising 21 distribution centres. The distribution portfolio now represents 44% of the Group's portfolio.
For comments and feedback contact: editorial@rttnews.com
Business News