Value and Indexed Property acquires 5 properties for £30.5 million:
The London Based investment firm for commercially used properties which are being let to MKM Building Supplies Ltd, Arla Foods amba, BP Oil PLC and Marks and Spencer Group PLC, at the moment. All of these index – linked leases have a 5.6% net initial yield and have an average unexpired lease term of a decade. These properties will increase the property portfolio of the company to approximately 34%. This also meant the shares of the company on the trading market were up approximately 2% by the close of business on Friday.
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Value & Indexed Property acquires five properties for GBP30.5 million | Financial News (lse.co.uk)