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.