LondonMetric sells retail park for £22m
19th Nov 2018 07:20
(Sharecast News) - LondonMetric Property said it had sold its retail park in Martlesham Heath, Ipswich, to an unnamed buyer for £22m, reflecting a net initial yield of 5.2%.
Read moreLondonMetric sells Launceston retail park for £21.9m
10th Sep 2018 07:23
(Sharecast News) - LondonMetric Property has sold its retail park in Launceston for £21.9m, reflecting a net initial yield of 5.6%.
Read moreLondonMetric buys two urban logistics warehouses
20th Aug 2018 07:39
(Sharecast News) - LondonMetric has bought two urban logistics warehouses for £23.5m, reflecting a blended net initial yield of 4.9%, rising to 5.6% after five years, with an average lease length of 13 years.
Read moreSector movers: REITS, electricity stocks drop
19th Jan 2017 16:22
(ShareCast News) - Tobacco stocks rose to the top of the leaderboard after analysts at Citi sung the praises of British American. In a research note sent to clients, analysts Adam Spielman, Jemima Benstead and Ravi Sharma said the firm was producing "some of the best" organic sales growth in the Eur
Read moreLondonMetric lets Warrington distribution warehouse
14th Dec 2016 07:36
(ShareCast News) - LondonMetric Property has conditionally exchanged contracts to let its distribution warehouse at Omega South, Warrington. The 357,000 sq ft property has been let to a "major international retailer" on a new 15-year lease with contractual uplifts. The letting takes place within fi
Read moreLondonMetric earnings rise, but NAV slips
30th Nov 2016 08:04
(ShareCast News) - FTSE 250-listed investment group LondonMetric Property's interim earnings and dividend increased, but its net asset value slipped as it focuses on the distribution sector. The company said while the political outcome remains uncertain, "investors are being increasingly discerning
Read moreLondonMetric buys 8 distribution warehouses for £40m
23rd Nov 2016 07:59
(ShareCast News) - LondonMetric Property said it had acquired eight 'last mile' distribution warehouse for a total of £39.9m at a blended yield of 6.2% and with a weighted average unexpired lease term of 9 years. "These are important acquisitions as we continue to build critical mass within the 'las
Read moreLondonMetric buys warehouses for £18m
22nd Nov 2016 07:46
(ShareCast News) - LondonMetric Property has bought two warehouses in Hull and Dartford for £18m and have been let to DIY stores, Wickes and B&Q. The Metric Income Plus Limited Partnership, a joint venture with the Universities Superannuation Scheme, has bought a B&Q warehouse in Hull and a Wickes w
Read moreLondonMetric sells St Albans retail park to Dunelm Estate Ltd.
3rd Nov 2016 08:50
(ShareCast News) - LondonMetric Property has sold its Alban Retail Park in St Albans to Dunelm Estate Limited for £5.75m. The disposal has generated an internal rate of return of 15% and is slightly ahead of the March 2016 book value. LondonMetric bought the 25,000 sq ft property in 2012 for £4.6 m
Read moreLondonMetric buys Stevenage warehouse for £7.3m
17th Oct 2016 07:25
(ShareCast News) - LondonMetric has bought a distribution warehouse in Stevenage for £7.3m at a net initial yield of 6.25%. The 74,000 sq ft warehouse is located on an established South East distribution park and let to Dixons Carphone for a further nine years at a rent of £6.50 per square foot with
Read moreLondonMetric disposes of two UK retail parks for £55m
3rd Oct 2016 07:38
(ShareCast News) - LondonMetric has sold Pierpoint Retail Park in Kings Lynn for £24m and Damolly Retail Park in Newry, Northern Ireland, for £30.7m. The Tritax Property Income Fund has purchased the 74,000 sq. ft. Kings Lynn retail park, reflecting a net initial yield of 5.77%, which is in line wit
Read moreLondonMetric Property pays down bank debt with £130m bond sale
22nd Sep 2016 07:37
(ShareCast News) - FTSE 250-listed investment group LondonMetric Property has raised £130m through an institutional placing of senior debt to pay down its bank debt and allow it to increase investment in the long-let logistics market. Three tranches of senior bonds of different maturities will pay a
Read moreLondonMetric sells retail park, buys warehouse
5th Sep 2016 07:13
(ShareCast News) - LondonMetric Property announced on Monday that it has sold a retail park in Warrington for £6.6m, at a net initial yield of 5.4%, and acquired an 89,000 sq ft distribution warehouse in Hemel Hempstead for £8.3m, at a net initial yield 6.4%. The FTSE 250 firm said the Fordton retai
Read moreDirectors dealings: LondonMetric directors sell as quarterly dividend declared
24th Aug 2016 17:55
(ShareCast News) - LondonMetric Property directors sold more than £1.5m-worth of shares in the company, which on Wednesday declared a first quarterly interim dividend of 1.8p a share. The ex-dividend date was 1 September, with the record date being 2 September and the dividend payment date diaried f
Read moreRecurring earnings up, reported profits slashed at LondonMetric
1st Jun 2016 07:57
(ShareCast News) - Real estate investment trust LondonMetric reported a 19% increase in recurring profits on Wednesday, with its EPRA earnings for the year to 31 March hitting £48.5m, compared with £40.9m a year ago. The FTSE 250 company's reported profit was practically half what it was last year,
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