Partner Article

Property investor snaps up Hamley's warehouse in £21.8m deal

British property company LondonMetric Property has snapped up three distribution warehouses in a deal worth £21.8.

The warehouses, located in Castle Donnington, Royston and Hemel Hempstead, total 212,600 sq ft and includes a warehouse let to famous London store store Hamley’s

Located in Royston, the warehouse supplies the Regent Street toy shop, which was founded in 1760, and its online store which delivers to seven countries worldwide.

The FTSE-250 company LondonMetric specialises in property investment and development, with a number of other distribution centres amongst its nationwide portfolio.

Andrew Jones, Chief Executive of LondonMetric, said: ‎“These acquisitions reflect our increasing investment into smaller logistic depots serving major conurbations, where there is growing demand for warehouse accommodation that can satisfy customers’ next day delivery requirements.

“This particular segment of the distribution sector is experiencing strong demand/supply tension and delivering organic rental growth. We continue to see other opportunities, particularly off market, and will grow our investment within this area.”

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