LondonMetric starts spending

LondonMetric Property has moved quickly to boost its property portfolio following the merger of London & Stamford and Metric Property Investment last month. In its first interim management statement, the firm said that between 1 October last year and 1 February it has exchanged contracts for six retail warehouses worth £92.4m, as well as further sales and lettings. Chief executive Andrew Jones said: “We are excited to have announced the £92.4m portfolio acquisition so soon after completing the merger.”