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REIT Sees 20-Year Oppty in UK

LONDON-LondonMetric Property, the newly formed REIT, has picked up six industrial properties around the UK.

By John Salustri | Updated on January 31, 2013

LONDON-The ink is barely dry on the public documentation, but LondonMetric Property plc is hitting the ground running. The REIT, which is the result of last year’s merger of London & Stamford Property Plc and Metric Property Investments plc, began trading on the London Stock Exchange this past Monday and just picked up 400,000 square feet of retail warehousing around the UK.

Cushman & Wakefield advised LondonMetric on its inaugural deal, which tallied out to $125.4 million (US), while Wilkinson Williams advised the clients of Aviva Investors. WW specializes in retail warehousing.

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