UK REIT LondonMetric Property has sold four distribution and two industrial warehouses in the latest in a series of transactions. The six assets were divested for a total of £36 mln (€41 mln), reflecting a blended net initial yield of 5.9%.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
