07:00 Thu 15 Oct 2020
LondonMetric - £22M OF DISPOSALS & £11M OF ACQUISITIONS

LONDONMETRIC SELLS
AND ACQUIRES THREE CONVENIENCE SERVICE STATIONS FOR
LondonMetric Property Plc ("LondonMetric") announces that it has sold four retail properties from its long income portfolio for a combined consideration of
In Haslemere and Ferndown, it has sold two M&S food stores to a local authority for
In
On the
The disposals crystallise a
Separately, LondonMetric has acquired three BP/M&S convenience service stations in Brentwood, Pevensey and
"In a zero interest rate environment, well-let real estate continues to be in demand and so we have reacted to attractive offers to monetise select assets, including further non-core properties acquired through the Mucklow deal.
"These are all good sales which, together with our latest acquisition of three quality assets let to BP, improves our income granularity, lease lengths and credit whilst providing better certainty of income growth and geographical focus."
For further information, please contact:
LondonMetric Property Plc
Tel: +44 (0) 20 7484 9000
FTI Consulting
Londonmetric@fticonsulting.com
Tel: +44 (0) 20 3727 1000
About LondonMetric Property Plc
LondonMetric is a FTSE 250 REIT that owns one of the
Further information is available at www.londonmetric.com
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Quick facts: LondonMetric Property PLC
Price: -
Market: LSE
Market Cap: -
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