Property Email Alerts
Property News, Press Releases CEO Articles & RNS
MIPP Acquires its Third Asset in Orpington for £6.25 million
Metric announces that MIPP, the £150 million joint venture with USS, has contracted a sale-and-leaseback transaction with Carpetright plc on their 48,300 sq ft retail unit in Sevenoaks Way, Orpington for £6.25 million. The purchase...
Metric Launches £150 million Joint Venture with USS
Metric has created a £150 million joint venture with USS known as Metric Income Plus Partnership (MIPP) whose objective is to acquire small, higher yielding, income focussed retail parks and solus units ranging in value from £2 millio...
Metric Acquires Pierpoint Retail Park, King's Lynn for £15.1 million
Metric has acquired Pierpoint Retail Park, King's Lynn from Black Pearl Investments for £15.1 million (net of acquisition costs), reflecting a net initial yield of 6.3%. The average passing rent on the scheme is £15.20 psf, with ex...
Metric Adds to Redevelopment Pipeline with Acquisition in Cannock
Metric has conditionally exchanged, pending a revised planning approval, on the acquisition of a redevelopment site in Cannock for a total investment of £5.8 million (net of acquisition costs). Metric has simultaneously signed a new 20 y...
Metric Acquires Further Redevelopment Opportunity
Metric has conditionally exchanged on a four acre site in Bishop Auckland, County Durham previously occupied by Focus from Bank of Ireland and Kingsland Estates. The acquisition is conditional upon a revised planning approval which upo...
