LondonMetric Property Plc experienced a rise in the value of its UK warehouses due to higher rents and lower interest rates. The company's net assets per share increased by 2.1% in the six-month period ending in September, reflecting positive market conditions.

The positive market conditions also resulted in LondonMetric's like-for-like income growing by 1.7% during the same timeframe. This demonstrates the resilience of the UK warehouse sector in the face of changing economic factors.

Overall, the value of LondonMetric's UK warehouses increased by £40.9 million, highlighting the strong performance of the sector. This growth can be attributed to the combination of higher rents and lower interest rates, which have contributed to the company's positive financial results.