The deal will create a £3.3bn portfolio of 313 properties
The two transactions reflects a NIY of 5% and a 4% discount to September 2022 book value
The 446,000 sq ft across 113 units is located in Birmingham and Dudley
The seven long-income assets generate £1.4m pa
The FTSE 250 REIT has added £2.4m to its rent roll since September
The five-acre site has planning for more than 1,000 flats
Chief executive bullish over fundamentals of LondonMetric’s “all-weather” portfolio
Boss Andrew Jones says investor sentiment in H1 2022 was “too bullish”
An urban warehouse in Digbeth and a retail park in Tonbridge have netted a yield of 4.6%
Recent rents have been 12% higher than expectations
Company’s clients include Boy George, Google and the Tate
Andrew Jones says robust warehouse market can withstand a pullback from Amazon