21.09.2020
LondonMetric snaps up trio of petrol stations in roadside real estate drive
LondonMetric has pressed ahead with its move into roadside property after snapping up a trio of BP petrol stations.
The FTSE 250 REIT snapped up two petrol stations around Brighton and one in London for a combined value of roughly £10m.
It is the latest in a series of acquisitions of “long-income road assets” under chief executive Andrew Jones.
Late last year LondonMetric bought almost £15m of “long-income road assets”, ranging from car washes to petrol stations.
Barber Wadlow acted for the vendor.