LondonMetric to acquire Urban Logistics for £698.9m.

LondonMetric, a company focused on owning and managing logistics properties, agreed to acquire Urban Logistics, a property investment company, for £698.9m. "This is an excellent transaction that grows our urban logistics platform and supports our triple net strategy. Urban warehousing remains our strongest conviction call for organic rental growth across the UK real estate market. The portfolio is well located, highly reversionary and our asset management focus will ensure that it delivers reliable, repetitive and growing income-led returns," Andrew Jones, LondonMetric CEO.