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07 July 2011
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 year agreement for lease with DFS to take a 17,000 sq ft unit at an initial rental of £314,500 per annum, with annual RPI uplifts. The Company will use its existing resources to finance the purchase.
The full announcement can be found in the attached file.
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