Londonmetric sells one fleet place for £113m

LONDONMETRIC has sold One Fleet Place in the City to an undisclosed Far Eastern multinational corporation for £112.5m. The property firm said yesterday that following the sale it will repay the debt facility on the office building, which is mainly let to the law firm Dentons, and One Carter Lane – leaving it with net proceeds of around £12.4m.
The sale price reflects a net initial yield of 5.1 per cent.