LondonMetric is measuring up nicely | Business

In a rapid inflationary environment such as the one we are seeing today, stocks with high earnings expectations baked-in increasingly will require proof of value. LondonMetric Property has strengthened its case with a £34 million package of disposals, a combined price that is 35 per cent above book value at the end of September.

The assets sold by the commercial landlord were let on long leases, a class of property in high demand by investors seeking reliable, inflation-linked income and one that accounts for just over a fifth of LondonMetric’s portfolio. Those sit alongside the core pool of warehouse assets, a sector that has become the unlikely hero of the commercial property market.

The beefy premiums attached to industrial property stocks have been prohibitive for

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