REG - LondonMetric - LONDONMETRIC ANNOUNCES £73M OF TRANSACTIONS

Londonmetric PropertyAnnouncement

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RNS Number : 8853H  LondonMetric Property PLC  18 November 2025

18 November 2025

LONDONMETRIC PROPERTY PLC

LONDONMETRIC TRANSACTS ON £73 MILLION

OF ACQUISITIONS AND DISPOSALS

 

LondonMetric Property Plc ("LondonMetric") announces that it has acquired a
£51 million portfolio and transacted on £22 million of sales.

The £51.1 million portfolio consists of a logistics warehouse let to UPS at
East Midlands airport and a hotel at Manchester airport. The assets are let
on very long leases with a WAULT to first break of over 100 years. They
generate £2.2 million of rent pa, which is substantially below market rent of
£8.2 million pa, with a running yield of 5% over the next few years:

·      The state-of-the-art and highly automated 450,000 sq ft airside
logistics facility is let to UPS at a rent of £1.16 million pa (£2.60 psf)
with CPI linked reviews. Developed by UPS at their own cost, the facility is
their second largest cargo facility in Europe and is their primary gateway in
the UK; and

·     The Clayton hotel at Manchester Airport totals 365 rooms and
generates £1.07 million of rent pa with RPI linked reviews. The hotel
performs strongly due to its airport proximity, and the tenant recently
secured planning consent to build a 214-bed extension.

The £22.1 million of disposals consist of five former Urban Logistics REIT
assets sold at a blended NIY of 5.4% and 5% above acquisition price. They
comprise an urban warehouse in Redditch and a portfolio of four industrial
open storage assets in Telford, Sheffield, Leigh and Northampton let primarily
to XPO and DX.

Andrew Jones, Chief Executive of LondonMetric, commented:

"We have continued to monetise assets acquired through takeovers and have now
sold eight Urban Logistics REIT assets at strong prices, reflecting the
ongoing demand for smaller lot sizes.

"The proceeds from these and previous sales have been successfully reinvested
into high quality, NNN and mission critical assets which are strongly
underpinned by significant reversion and materially higher values achievable
on vacant possession.

 

LondonMetric Property Plc

Andrew Jones / Martin McGann / Gareth Price

Tel: +44 (0) 20 7484 9000

 

FTI Consulting

Dido Laurimore / Richard Gotla / Andrew Davis

Tel: +44 (0) 20 3727 1000

londonmetric@fticonsulting.com (mailto:londonmetric@fticonsulting.com)
 

 

About LondonMetric Property Plc

LondonMetric is the UK's leading triple net lease REIT with a £7 billion
portfolio aligned to structurally supported sectors of logistics, healthcare,
convenience, entertainment and leisure. 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)

 

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