UK REIT LondonMetric Property has acquired three urban logistic warehouses in Crawley, Coventry and Huyton for £23.9 mln (€28 mln) . The purchase price reflects a blended yield of 6.0% and a reversionary yield of 6.8%. The vendors were not disclosed.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
