LondonMetric optimizes the portfolio based on new acquisitions

LondonMetric property (PL:LMP) has released an update.

LondonMetric Property PLC has strategically profitably divested £31.3m of retail assets, including LXi REIT’s non-core properties, and reinvested in the acquisition of £45m of urban warehouse assets with strong rental growth potential. The company’s CEO, Andrew Jones, welcomed the improved portfolio as a result of these transactions, pointing to further sales planned. LondonMetric continues to focus on high quality assets in sectors structured to deliver consistent and growing returns.

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