LondonMetric Property (GB:LMP) has released an update.
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LondonMetric Property PLC has strategically divested five retail and office properties for a total of £26.7 million, achieving a 6% gain above March book values. The sales are part of the company’s initiative to exit non-core assets and reinvest in higher quality opportunities with stronger rental growth prospects. This is in line with LondonMetric’s ongoing efforts to enhance its £6 billion portfolio focused on sectors with structural support.
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