Acquisition of properties in Burton, Evesham and Droitwich by LondonMetric Property Plc

BDO.LiveSite.Deals.DealTypeTransaction Services
BDO.LiveSite.Deals.IndustryReal Estate
BDO.LiveSite.Deals.ClientNameLondonMetric Plc

LMP is a FTSE 250 listed REIT that owns one of the UK's leading logistics platforms alongside a grocery-led long income portfolio. 

BDO supported LMP with financial and tax due diligence in relation to two investments:
- A £23.3m acquisition of retail sites in Burton and Evesham; and
- An acquisition of a 9 acre site in Droitwich which is used for vehicle storage and let to Amazon;

These acquisitions are part of LMP's continued strategy to focus on fit for purpose logistics and long income assets that deliver sustainable and growing income returns. 

“It was a pleasure to work with the team at BDO on our Burton, Evesham and Droitwich acquisitions. The team has significant Real Estate sector knowledge and appreciate the nuances of the types of assets being acquired. We have worked with BDO over a number of years and continue to appreciate their collaborative and flexible approach. We look forward to working with BDO again in the future.”
Ritesh Patel – Forecasting and Corporate Finance, LondonMetric Plc