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01 December 2011
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 reflects a net initial yield of 7.6%.
The full announcement can be found in the attached file.
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