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LondonMetric appoints Sandy Gumm as non-executive director

LondonMetric Property Plc has announced the appointment of Sandy Gumm as a Non-Executive Director to the Board of Directors, effective March 27, 2024. Sandy Gumm is...

LondonMetric completes merger with LXi REIT

LondonMetric Property hass announced the completion of the merger with LXi REIT plc, as the Scheme of Arrangement became effective on March 5, 2024. Concurrently,...

LondonMetric, LXi create UK’s first triple net lease REIT with £6.2bn...

LondonMetric and LXi have entered into a strategic merger, laying the foundation for the creation of a major UK Real Estate Investment Trust (REIT). LondonMetric...

LondonMetric pays £21.2m for Doncaster distribution warehouse

LondonMetric Property has bought a long-let distribution warehouse in Doncaster for £21.2 million, reflecting a NIY of 6.3%. The 264,000 sq ft regional logistics warehouse is let...

LondonMetric and LXi REIT in talks for all-share merger

LondonMetric Property and LXi REIT confirmed that they are in talks regarding a possible all-share merger of the two companies, pursuant to which LondonMetric...

LondonMetric sells six assets for £24.5m

LondonMetric Property has sold six assets in separate transactions for £24.5 million. Four non-core assets have been sold from the recently acquired CT Property Trust...

Hines buys four multi-let industrial estates for £41m

LondonMetric Property has sold a portfolio of four multi-let industrial estates to Hines for £40.5 million, reflecting a NIY of 6.2%. The estates total 435,000...

LondonMetric sells four retail assets for £17m

LondonMetric Property has sold four retail assets for £16.9 million in separate transactions. The largest asset comprises a 27,000 sq ft Waitrose store in Malmesbury which...

LondonMetric adds two solar PV arrays to its portfolio

LondonMetric Property, as part of its strategy to help occupiers progress their net zero carbon ambitions, has facilitated the addition of two solar PV...

LondonMetric sells five urban assets for £43m

LondonMetric Property has agreed to sell five urban assets for £42.8 million, reflecting a NIY of 4.5%.  The combined sales are in line with...
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