Business
£91 million of investment activity
LondonMetric Property Plc has completed £91 million in investment activity, selling £64.4 million of retail assets including the Cantium retail park for £48.5 million and an M&S store in Weymouth for £15.9 million, with total disposals reaching over £280 million this financial year. Concurrently, the company acquired £26.2 million of warehousing, comprising a logistics warehouse in Doncaster for £16.9 million and a Booker Cash & Carry in Southend-on-Sea for £9.25 million, at net initial yields significantly higher than the retail disposals. These transactions align with LondonMetric's strategy to redeploy capital into triple net lease assets. Disclaimer*
About this update from Londonmetric Property Plc
[{"type":"text","content":"\n\n22 December 2025\n\nLONDONMETRIC PROPERTY PLC\nLONDONMETRIC TRANSACTS ON £91 MILLION OF INVESTMENT ACTIVITY\n \nLondonMetric Property Plc (\"LondonMetric\") announces that it has sold £64.4 million of retail assets at a NIY of 4.98% and acquired £26.2 million of warehousing at a NIY of 6.90%.\nThe disposals comprise two mature out of town retail assets, sold for £64.4 million (LondonMetric share: £49.4 million) in separate transactions:\n· The 71,000 sq ft Cantium retail park in South East London has been sold for a total consideration of £48.5 million (LondonMetric share: £33.5 million). The park was acquired for £38 million in 2022 and is let for a further 12 years primarily to B&Q, Pets at Home and Tapi. LondonMetric has completed its asset management programme, increasing the annual rent from £1.4 million to £2.5 million (£35 psf) through re-gears of the B&Q and Pets leases, and new leases with Tapi, Starbucks, Burger King and InstaVolt; and\n· A new 40,000 sq ft M&S store in Weymouth has been sold for £15.9 million. LondonMetric is developing the store at a yield on cost of 8% with completion expected in March 2026. It is let on a new 15 year lease at an annual rent of £0.9 million and the sale represents LondonMetric's total exit from the three phased 110,000 sq ft development.\nThese disposals are in line with book values and LondonMetric has now sold over £280 million of assets so far this financial year, up from £185 million in September 2025.\nThe acquisitions comprise two warehouses let to Booker, purchased for £26.2 million, in separate transactions:\n· A 159,000 sq ft modern and long let logistics warehouse in South Elmsall, Doncaster, has been acquired for £16.9 million. The property generates an annual rent of £1.2 million and has asset management potential with planning for a further 127,000 sq ft warehouse; and\n· A 93,000 sq ft Booker Cash & Carry in Southend-on-Sea has been acquired for £9.25 million. The asset generates an annual rent of £0.7 million, is let for a further four years and benefits from high occupier contentment. \nAndrew Jones, Chief Executive of LondonMetric, commented: \n\"Following strong approaches for high quality long income product, we have...