Leeds retail site acquired in £25.2m deal from LondonMetric August 9th, 2021 Mya Driver LondonMetric has announced that it has sold its retail park in Kirkstall, Leeds, for £25.2 million, to an unnamed UK institutional investor. The 120,000 sq ft Kirkstall Bridge Shopping Park was developed by LondonMetric in 2015 after acquiring the site in 2011. Following the recent re-letting of a 21,000 sq ft unit to The Range, the 18 unit park is fully let to occupiers including Home Bargains, Smyths Toys, Iceland, Pets at Home and JD Sports, with a WAULT of 8 years (6 years to first break). The sale price represents a 15% premium to the 31 March 2021 book valve and crystallises a total return on cost of 27%. Completion of the sale will take place at the end of September 2021.
