LondonMetric Property completed the acquisition of Savills IM UK Income and Growth Fund for $162m.

LondonMetric Property, a real estate company that is engaged in property investment and development, completed the acquisition of Savills IM UK Income and Growth Fund, an investment manager, for $162m. “Following our equity placing last month, we are pleased to have quickly invested a substantial proportion of the proceeds into this high quality portfolio. Reflecting their London & South East weighting, we expect these assets will continue to perform strongly as high occupier demand and diminishing warehouse supply drive rental growth higher," Andrew Jones, LondonMetric CEO.