LondonMetric completes £139m of investment transactions since April
LondonMetric Property has undertaken £139m of investment transactions since 1st April 2026, adding £6.7m of annual rental income from 72 asset management initiatives.
The group has completed £96.7m of disposals across 26 assets, and said it has a further £23m of sales under offer. Assets that were sold by the group included nine Travelodge hotels, urban logistics assets in Braintree and Acton, and a number of retail assets in Oxford.
Acquisitions totalled £42.5m across five assets and an additional £48m of purchases are currently in solicitors’ hands, which LondonMetric said would add high quality assets to its food store and drive-through portfolios. These comprise four previously announced forward funded food store developments, and a recently acquired McDonald’s drive-through at Birmingham Fort retail park. A further four food store forward fundings are in legals totalling £48.4m, and have been pre-let to Lidl, Waitrose, and two to Tesco.
Andrew Jones, chief executive of LondonMetric, said: “We continue to enhance our all-weather portfolio by maximising our income quality, granularity and growth.
“Our disposal activity of non-core assets remains strong, with c.£100 million of sales since the start of the financial year, and we are re-investing into quality NNN assets across the convenience food sector let to very strong occupiers. Furthermore, rent reviews, renewals and lettings continue to deliver significant rental growth, further improving our sector leading portfolio metrics.
“Our time is increasingly focused on the wider investment opportunity set. Whilst the market remains tight for quality opportunities, we are seeing a greater number of attractive deals, particularly across development fundings and asset sales from pension funds.”