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Londonmetric Property (LMP) investor relations material
Londonmetric Property Trading Update summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.M&A and portfolio growth
Completed acquisitions of Highcroft Investment and Urban Logistics REIT, increasing portfolio value to £7.3 billion and net contracted rent to approximately £410 million per annum.
Integration of acquired businesses is progressing well, with five former Urban Logistics employees joining the team.
Investment and asset sales
Sold 14 assets this financial year for £106 million, matching 31 March 2025 book values.
Recent sales include a logistics warehouse in Sheffield for £26 million, four former LXi assets for £15.4 million, and a vacant office in Cardiff for £1.2 million.
Asset management and rental performance
Added £3.1 million per annum in additional rent from asset management initiatives since 31 March 2025.
Settled 59 rent reviews, adding £2.4 million per annum at an average uplift of 16%, with logistics reviews achieving a 22% uplift and open market logistics reviews at 34%.
Logistics lettings contributed £0.7 million per annum in rent, with regears seeing a 51% uplift.
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