LondonMetric Property PLC - invests in distribution and long-income properties across UK - announces three grocery lettings across its long income and retail park assets in Ashford, Totton and Tonbridge.
At Ashford, LondonMetric has signed a new 25 year lease with Lidl on the form 32,000 square feet Hitchcock & King unit, at a rent of GBP600,000 per annum.
At Totton, Southampton, company agrees with Lidl to extend its representation to 21,000 square feet on a new 20 year lease at a rent of GBP300,000 per annum.
Finally at Tonbridge, LondonMetric lets a 14,000 square feet unit to Food Warehouse on a new 15-year lease at a rent of GBP300,000 per annum.
Current stock price: 256.20 pence
12-month change: up 18%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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LondonMetric (LMP)