LondonMetric buys new shed

Kasmira Jefford
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LONDONMETRIC is hoping to tap into the booming online retail market after agreeing to buy a warehouse let to The Hut Group for £47.5m.

The property group is buying the Warrington site from local developer Omega Warrington ahead of its completion next year.

The new 690,000 square feet distribution centre has been pre-let to the vitamins, clothing and kitchenware e-tailer, which plans to consolidate its four existing warehouses onto the one site.