The LondonMetric Property REIT has secured an additional £13.2m in annual rent, with a number of new tenancies and rent reviews signed since September 2024.
In that time, the REIT’s management team has secured an additional £5.5m in annual rent from 122 lettings, regears and rent reviews.
Of this amount, 94 were rent reviews which specifically contributed £2.2m or a 16% uplift on a five yearly equivalent basis.
Rent reviews across the logistics portfolio delivered an 18% uplift, with urban logistics assets achieving an uplift of 24%.
The remaining £3.3m was secured across 28 lettings and regears. Here, key transactions included a regear at Warwick Castle as part of the funding of a new 62-bedroom hotel at the site and letting to British Garden Centres of three Dobbies sites.
“Our recent activity reflects the ongoing attractiveness of owning high quality assets in winning sectors where occupational demand is strong,” said Andrew Jones, CEO at LondonMetric (pictured above).
“These transactions support our capital allocation decisions and are allowing us to maintain our very high occupancy rate, while keeping us on target to deliver c.£26m of additional rent over the 18 month period to March 2026.”
