LondonMetric Property (GB:LMP) has released an update.
LondonMetric Property PLC has strategically divested £31.3 million worth of retail assets, including non-core LXi REIT properties, at a profit, and reinvested in acquiring £45 million worth of urban warehouse assets with strong rental growth potential. The company’s CEO, Andrew Jones, expressed satisfaction with the portfolio’s upgrade through these transactions, hinting at further disposals in the pipeline. LondonMetric’s focus remains on high-quality assets in sectors structured to deliver consistent and increasing returns.
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