LondonMetric buys Primark site

Primark’s main distribution centre in Thrapston near Northampton has been snapped up by LondonMetric for £60.5m. The property firm said yesterday it has acquired the site from fund manager Moorfield, which in turn bought it in 2011 for £35m. London- Metric, formed following the merger of Metric and London & Stamford last year, said the 785,000 square feet warehouse is let to the retailer until 2032 at a rental of £3.9m per annum.