LondonMetric Property (GB:LMP) has released an update.
LondonMetric Property PLC has strategically adjusted its portfolio by acquiring seven warehouses for £70 million and disposing of £50 million in non-core assets, including former LXi and CTPT assets. The acquisitions, which include a regional logistics warehouse and an urban logistics park, have long-term income potential with rent reviews connected to market rates. This move aligns with the company’s focus on sectors with strong structural support and is expected to drive income growth.
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