Sandy Gumm is to join the board of LondonMetric following its acquisition of LXi REIT
Larger business will deliver better liquidity and substantial cost savings, says Jones
The deal will create the UK’s fourth-largest REIT, with a £6.4bn portfolio
The REIT has also sold an 18,000 sq ft office in Chiswick
LondonMetric chief executive Andrew Jones this morning gave a bearish view of the real estate market
Group toasts 6.7% increase in rental income to £76.9m for the six months ended 30 September
The REIT has sold seven of CTPT’s 33 assets since acquiring it in August
The 435,000 sq ft portfolio includes MLI estates in Birmingham and Rugby
The REIT has been clearing house since buying CT Property last month
The REIT is working with tenants to add PV panels to its warehouses
The sales, at a NIY of 4.5%, are in line with March valuations
Larger grocery formats’ “best days” are behind them, says CEO Andrew Jones