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LondonMetric Q1-14 IMS – Rebalances Portfolio and Refinances Debt

Aug 01 2013

LondonMetric announces its interim management statement for the period from 1 April to 31 July 2013 with acquisitions totalling £100.9m (LM share) off average yields of 7.3%; total disposals of £352.7m (LM share) off average yields of 4.4%; new lettings at One Carter Lane to MFS and SEB, totalling 60,600 sq ft; 22 new lettings agreed (including Carter Lane) increasing net rental income by £5.6m p.a.; investment portfolio occupancy at 99.6% (March 2013: 95%) and new five year financing facilities signed with Helaba and RBS totalling £254m at a blended margin of 2.4%.

The full announcement can be found in the attached file.

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