London warehouses acquired in multi-million pound deal to become dark kitchens

A property specialist has announced the acquisition of two vacant London warehouse assets in a multi-million pound deal.

LondonMetric Property Plc has acquired warehouses in Brent Cross and Streatham for a combined purchase price of £13.5m.

The company has agreed a new 20-year lease with Jacuna Kitchens across around 75 per cent of the combined space.

Jacuna will operate 100 dark kitchens across both locations and LondonMetric will refurbish and upgrade the warehouses to provide enhanced power, ventilation and drainage to the buildings.

Letting of the remaining space is under negotiations with a new delivery startup.

Andrew Jones, chief executive of LondonMetric, commented: “We are excited by the dark kitchen sector and are pleased to be able to work with Jacuna on acquiring these warehouses and upgrading the facilities to their requirements.

He added: “We are working with them on the rollout of further dark kitchen facilities across London.”

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