Portfolio
Owning desirable real estate in the UK, focused on urban logistics
Our portfolio is aligned to emerging consumer behaviour of online shopping, convenience, healthcare and staycation. Following the acquisition of LXi REIT in March 2024, we have 26m sq ft under management valued at £6.0bn with over 40% of assets in logistics. Our assets are typically single-let on long leases and c.80% of rental income benefits from contractual uplifts.
Properties map
View all LondonMetric properties (excluded assets acquired through the LXi REIT merger in 2024 which can be found at www.lxireit.com/properties)
Overview
£6.0bn
Portfolio
£340m
Net Contracted Rent p.a.
19.4 years
WAULT
99%
Occupancy
| 1 | Logistics | 43% |
| 2 | Entertainment & Leisure | 21% |
| 3 | Convenience | 17% |
| 4 | Healthcare & Education | 16% |
| 5 | Other | 3% |
Mega and regional distribution
Mega distribution warehouses are large scale modern distribution units, greater than 500,000 sq ft and located close to major arterial routes.
Regional distribution warehouses are mid size units between 100,000 sq ft and 500,000 sq ft serving as regional hubs and creating the connecting link in any modern supply chain.
7.7M SQ FT
AREA
£1,000 MILLION
VALUE
£51 MILLION
RENT
15 YEARS
WAULT
88%
CONTRACTUAL UPLIFTS
Urban distribution
Smaller logistic units, strategically located in or close to dense areas of population to meet increasing consumer demands for next and same day delivery.
8.5M SQ FT
AREA
£1,563 MILLION
VALUE
£76 MILLION
RENT
10.6 YEARS
WAULT
49%
CONTRACTUAL UPLIFTS
Long income
Our long income assets are split into 3 segments:
Entertainment & Leisure
Includes theme parks such as Thorpe Park, Alton Towers and Warwick Castle and budget hotels let to occupiers such as Travelodge and Premier Inn.
Convenience
Comprises smaller format foodstores, NNN retail stores, roadside assets as well as trade/DIY stores.
Healthcare & Education
Primarily consists of private hospitals, majority of which are let to Ramsay Health Care.
8.4 MILLION SQ FT
AREA
£3,244 MILLION
VALUE
£199 Million
RENT
24.1 YEARS
WAULT
90%
CONTRACTUAL UPLIFTS