RCS - LondonMetric - LONDONMETRIC ADDS TWO PV ARRAYS TO ITS PORTFOLIO

Londonmetric PropertyAnnouncement

30/08/2023 09:00

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RNS Number : 7827K  LondonMetric Property PLC  30 August 2023

30 August 2023

 

LONDONMETRIC PROPERTY PLC

LONDONMETRIC ADDS TWO SOLAR PV ARRAYS TO ITS PORTFOLIO

 

LondonMetric Property Plc ("LondonMetric") announces that, as part of its
strategy to help occupiers progress their net zero carbon ambitions, it has
facilitated the addition of two solar PV arrays at assets in Coventry and
Bicester totalling 577 kWp.

 

At Coventry, 275 kWp of solar has been installed on a warehouse let to Aubrey
Allen, a national food producer. The system will provide Aubrey Allen with
c.25% of its annual energy needs.

 

At Bicester, 302 kWp will be installed later this year on a warehouse let to
Greencore Homes, a builder of climate-positive homes. The SmartGrid system,
which includes a 100kW/ 200kWh battery storage system, will be installed and
operated by SNRG and is expected to meet c.40% of Greencore's annual energy
needs.

 

These solar PV arrays are expected to save c.100 tonnes of CO(2) emissions per
annum and increase LondonMetric's total installed solar PV capacity to 4.2MWp.

 

Mark Stirling, Asset Director LondonMetric, commented:

"Our focus is on meeting occupier requirements in a rapidly evolving
environment by working in partnership with them to ensure their longevity and
commitment to our assets. We are increasingly engaging with our occupiers to
help them deliver on their net zero carbon targets and reduce their energy
costs.

 

"There are a number of challenges to installing solar PV but we are delighted
to have worked in collaboration with Greencore Homes and Aubrey Allen to
facilitate these two installations and we will continue to evolve our approach
to deliver on further opportunities."

 

 

 

For further information, please contact:

 

LondonMetric Property Plc

Mark Stirling / Gareth Price

Tel: +44 (0) 20 7484 9000

 

FTI Consulting

Dido Laurimore / Richard Gotla / Andrew Davis

Tel: +44 (0) 20 3727 1000

 

About LondonMetric Property Plc

LondonMetric is a FTSE 250 REIT that owns one of the UK's leading listed
logistics platforms alongside a grocery-led long income portfolio, with 17
million sq ft under management. It owns and manages desirable real estate that
meets occupiers' demands, delivers reliable, repetitive and growing income-led
returns and outperforms over the long term.

Further information is available at www.londonmetric.com
(http://www.londonmetric.com)

 

About SNRG

SNRG is accelerating the decarbonisation and electrification of both
Residential and Industrial & Commercial projects across the UK. SNRG
achieves this through its SmartGrid, a place-based power system utilising
solar PV, battery storage and smart programming, to provide a reliable,
cheaper electricity supply, connected to assets such as EV chargers and heat
pumps. The SNRG SmartGrid overcomes major obstacles being experienced by
developers, housebuilders and businesses, offering immediate solutions to
upfront costs, grid constraints and short-term leases. Further information is
available at oursnrg.com/explainer

 

 

 

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