LondonMetric Property (GB:LMP) has released an update.
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LondonMetric Property has strategically sold 24 non-core properties for £57.9 million, achieving a 6% profit over book values, as part of its capital recycling initiative. The company also acquired a retail park in Basildon for £10 million, which promises enhanced value through upcoming rent reviews. These moves align with LondonMetric’s focus on sectors offering better income reliability and growth potential.
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