LondonMetric Property has exchanged on the sale of five assets in two transactions for £34.8 mln (€40 mln), which reflects a net initial yield of 5.0% and a 4% discount to the 30 September 2022 book value.
Irish hotel operator Dalata Hotel Group has purchased the Apex Hotel London Wall for £53.4 mln (€62.1 mln) from Apex Hotels Limited, the owner of the long leasehold interest, with 107 years remaining.
