At a glance

LondonMetric invests in retailer-led distribution, out of town and convenience retail. It employs an occupier-led approach to property investment and actively recycles assets to position the portfolio for superior returns.

Total Return model


Targets a total return model for shareholders through generating strong income and capital value uplift to deliver NAV progression and an attractive and growing dividend.
See Strategic priorities

Investing in winning sectors


Invests in real estate that meets occupiers’ needs and reflects society’s needs in a rapidly evolving retail environment. A majority of the portfolio is invested in distribution.
See Key growth drivers & our markets

Strong retailer relationships


Works closely with retailers, logistics providers and leisure operators to meet their real estate requirements. Key tenants include Primark, Dixons Carphone, DFS, M&S and Next.
See Our partners

Investing in the right assets


Invests in the right assets where we can add value and “institutionalise”. Our strong occupier relationships, create investment opportunities and help to advise our property decisions.
See our Case studies

Adding value


Focused on improving rental values and security of income through asset management initiatives. Our short cycle distribution developments help to deliver additional value accretion.
See Business model

Effectively financed


Secure and flexible financing with average maturity of 6 years, an average interest rate of 3.3% and substantially hedged. LTV of 36% and headroom on debt facilities provides capacity.
See Investors

Key numbers


12.0 million sq ft 1.0 million sq ft
Assets under management Committed and pipeline developments
£1.48 billion 58.5%
Total portfolio value % of portfolio invested in distribution assets
£84.1 million 51%
Contracted rental income % of income with contractual rental uplifts

Portfolio


March 2016 :- DISTRIBUTION-52%;RETAIL-27%;DEVELOPMENT-4%;LEISURE-4%;OFFICE-5%;RESIDENTIAL-4%;Convenience Retail:4%

All information as at 30 September 2016

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