London Metric buys Ipswich Development Site

London Metric has acquired a strategic development site in Ipswich from supermarket giant Tesco.

The investors already own the 47,848 sq ft Matlesham Heath Retail Park opposite and have earmarked the three-acre site to become a new 30,000 sq ft retail park, 20,000 sq ft of which has been pre-let to Wickes.

ESH and Morgan Williams advised London Metric on their purchase of the freehold and letting to Wickes.