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LondonMetric Property buys two warehouses in London for GBP14 million


LondonMetric Property buys two warehouses in London for GBP14 million
Fri, 21st May 2021 10:09
(Alliance News) - LondonMetric Property PLC on Friday said it bought two vacant London warehouses in Brent Cross and Streatham for a total of GBP13.5 million.
The London-based property company has agreed a new twenty-year lease with Jacuna Kitchens for 75% of the warehouse space across both properties. Jacuna plans to open around one-hundred dark kitchens , commercial kitchens preparing meals for delivery-only restaurants.
LondonMetric plans to refurbish and upgrade the properties for this purpose, providing improved power, ventilation and drainage to both warehouses.
The remaining 25% of warehouse space remains under negotiation with an new delivery start up. ....

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