LondonMetric Property has invested £20.2m (€23m) to buy two last mile logistics assets in London.

The FTSE 250 real estate investment trust said the assets in Fulham and Tottenham have been acquired in two separate transactions.

The latest acquisition complements LondonMetric’s other recent London last mile logistics acquisitions in Brent Cross and Streatham, which were acquired earlier in the year.

Andrew Jones, CEO of LondonMetric, said: “It is clear that occupier demand for urban logistics assets in the strongest geographies is delivering superior rental growth.

“These acquisitions form part of LondonMetric’s strategy to increase its urban logistics investment within London and the South East, where there is a high intrinsic land value from alternative use.”

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