LondonMetric Property has completed a series of acquisitions worth £78.5 million, focusing on long-term, index-linked assets across hotels, logistics, and convenience retail sectors, with an emphasis on long leases and income stability.
LondonMetric Property has recently completed a series of acquisitions totalling £78.5 million, focused on triple net lease (NNN) assets spread across five transactions. These acquisitions encompass nine assets that collectively contribute an additional £4.6 million in annual rental income. The portfolio boasts a weighted average unexpired lease term (WAULT) of 23 years, underscoring the long-term income stability sought by the company.
A significant element of this acquisition spree is the purchase of five Premier Inn hotels from Whitbread, valued at £44.4 million. These hotels, located in Chatham, Exeter St David’s, Penzance, Southampton, and Witney, are underpinned by new 30-year leases featuring five-yearly rent reviews linked to the consumer price index (CPI). This transaction positions Whitbread as LondonMetric’s sixth largest occupier, with its Premier Inn brand now accounting for approximately £6.4 million per annum in rent, or 1.5% of LondonMetric’s total rental income. According to Andrew Jones, LondonMetric’s chief executive, the acquisition is seen as an opportunity to obtain mission-critical assets with long leases and guaranteed rental growth, particularly benefiting from the sector’s shift towards consumer spending in experience and convenience.
Beyond the hotel portfolio, LondonMetric has secured an 80,000 sq ft logistics warehouse development in Malton for £10.7 million. This asset is pre-let to Severfield Plc under a new 20-year lease with annual rent reviews linked to CPI, highlighting the company's strategy to anchor its logistics holdings with secure long-term tenants. Another logistics warehouse in the West Midlands, recently developed and spanning 68,000 sq ft, was acquired for £8.3 million and is let for 12 years to Bilco Access Solutions.
The acquisitions also include convenience-oriented assets, a sector that has exhibited resilience in the face of changing retail landscapes. LondonMetric bought a 21,000 sq ft convenience development funding in Ludlow for £7.6 million, pre-let to M&S under a 15-year lease with five-yearly rent reviews linked to the retail price index (RPI). In addition, it acquired a 40,000 sq ft convenience asset in Tunbridge Wells for £7.5 million, let to Booker for a further 14 years with fixed rent reviews of 3% annually every five years.
These acquisitions reflect a strategic focus by LondonMetric on sectors supported by long-term leases to high-quality tenants, providing both income stability and index-linked growth potential. The initial net yield for these acquisitions is reported at 5.5%, with expectations for this to rise to 6.3% over the next five years, signalling an attractive return trajectory for investors.
Overall, this flurry of transactions consolidates LondonMetric’s position in the NNN investment market, emphasizing sectors such as budget hotels, logistics, and convenience retailing, which have shown resilience and growth potential in recent times. The company indicates it remains poised to capitalise on similar opportunities as they arise, continuing to enhance its portfolio with assets that offer secure, long-term income streams.
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Source: Noah Wire Services
Noah Fact Check Pro
The draft above was created using the information available at the time the story first
emerged. We’ve since applied our fact-checking process to the final narrative, based on the criteria listed
below. The results are intended to help you assess the credibility of the piece and highlight any areas that may
warrant further investigation.
Freshness check
Score:
9
Notes:
The narrative is based on a press release issued by LondonMetric Property on 11 September 2025, detailing their £78.5 million acquisition of triple net lease assets. This press release has been republished across multiple reputable outlets, including Investing.com ([investing.com](https://www.investing.com/news/stock-market-news/londonmetric-rises-on-785-mln-nnn-buys-yields-seen-climbing-to-63-4234821?utm_source=openai)), Shares Magazine ([sharesmagazine.co.uk](https://www.sharesmagazine.co.uk/news/market/LSE20250911070014_5816160/79-million-of-triple-net-lease-acquisitions?utm_source=openai)), and Completely Retail News ([news.completelyretail.co.uk](https://news.completelyretail.co.uk/londonmetric-snaps-up-hotels-and-convenience-assets-in-79m-acquisition-haul/?utm_source=openai)). The earliest known publication date of this content is 11 September 2025. The press release format typically warrants a high freshness score due to its direct release from the company. No discrepancies in figures, dates, or quotes were identified across the republished content. The narrative includes updated data on the acquisitions, which justifies a higher freshness score but should still be flagged as recycled content.
Quotes check
Score:
10
Notes:
The direct quote from Andrew Jones, LondonMetric’s chief executive, stating, "The Premier Inn transaction presented a great opportunity to acquire mission-critical assets let on very long leases to a FTSE 100 credit with guaranteed rental growth," appears consistently across all republished content. No variations in wording or earlier usage of this quote were found, indicating it is original to the press release.
Source reliability
Score:
8
Notes:
The narrative originates from LondonMetric Property, a reputable FTSE 100-listed company. The press release has been republished by several reputable outlets, including Investing.com ([investing.com](https://www.investing.com/news/stock-market-news/londonmetric-rises-on-785-mln-nnn-buys-yields-seen-climbing-to-63-4234821?utm_source=openai)), Shares Magazine ([sharesmagazine.co.uk](https://www.sharesmagazine.co.uk/news/market/LSE20250911070014_5816160/79-million-of-triple-net-lease-acquisitions?utm_source=openai)), and Completely Retail News ([news.completelyretail.co.uk](https://news.completelyretail.co.uk/londonmetric-snaps-up-hotels-and-convenience-assets-in-79m-acquisition-haul/?utm_source=openai)). The company's official website provides further verification of the information. No unverifiable entities or fabricated information were identified.
Plausability check
Score:
9
Notes:
The claims regarding the £78.5 million acquisition of triple net lease assets, including five Premier Inn hotels from Whitbread, an 80,000 sq ft logistics warehouse in Malton, and convenience assets in Ludlow and Tunbridge Wells, are consistent with the company's known investment strategy and recent activities. The reported net initial yield of 5.5%, expected to rise to 6.3% over five years, aligns with typical market expectations for such assets. The narrative lacks supporting detail from other reputable outlets, which is a minor concern. The language and tone are consistent with corporate communications, and there are no excessive or off-topic details.
Overall assessment
Verdict (FAIL, OPEN, PASS): PASS
Confidence (LOW, MEDIUM, HIGH): HIGH
Summary:
The narrative is based on a recent press release from LondonMetric Property, detailing their £78.5 million acquisition of triple net lease assets. The content has been republished across multiple reputable outlets, with no discrepancies identified. The direct quote from the CEO is original to the press release. The source is reliable, originating from a reputable FTSE 100-listed company. The claims are plausible and consistent with the company's known investment strategy. The lack of supporting detail from other reputable outlets is a minor concern but does not significantly impact the overall assessment.
