LondonMetric Refocuses Portfolio with Strategic Acquisitions
Company Announcements

LondonMetric Refocuses Portfolio with Strategic Acquisitions

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.

For further insights into GB:LMP stock, check out TipRanks’ Stock Analysis page.

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