LondonMetric buys Crawley distribution development site
26th May 2016 07:54
(ShareCast News) - LondonMetric has bought a four acre site in Crawley to develop around 100,000 sq ft of distritbution space at a cost of approximately £20m. The FTSE 250 company said the site, which has been purchased for £7.6m, is located on a prime South East urban logistics estate less than one
Read moreLondonMetric venture sells off three retail properties
10th May 2016 07:38
(ShareCast News) - LondonMetric's joint venture with Universities Superannuation Scheme, Metric Income Plus Limited Partnership, announced the sale of its retail parkers in Bridgwater, Chatham and Grimsby for £15.9m, of which LondonMetric's share is £8m, reflecting a blended net initial yield of 5.7
Read moreLondonMetric acquires £16m of assets
26th Apr 2016 08:06
(ShareCast News) - LondonMetric Property has acquired two convenience assets in Matlock and Leicester and a development site in Ipswich for £16.2m, reflecting a net initial yield of 7.0%. The company has bought a three acre site from Tesco in Ipswich, where it plans to develop a new 30,000 sq ft ret
Read moreLondonMetric sells Taunton Odeon for £9.1m
14th Apr 2016 08:29
(ShareCast News) - Real estate investment trust LondonMetric announced the sale of its freehold Odeon multiplex cinema in Taunton on Thursday, to the Asda Pension Fund, for £9.1m. The FTSE 250 firm said the property will form part of a portfolio managed by OLIM Property. LondonMetric confirmed the
Read moreLondonMetric adds three new warehouses
17th Mar 2016 07:33
(ShareCast News) - LondonMetric Property added three distribution warehouses to its estate on Thursday, spending £21.8m on the 212,600 square feet of space. The net initial yield on the purchase was 6.6%, contractually rising to 6.9% within two years. The FTSE 250 firm said the warehouses were locat
Read moreLondonMetric directors up stake in company
8th Feb 2016 15:26
(ShareCast News) - A number of LondonMetric's directors have increased their stake in the property company as it continues to adjust its portfolio towards retail logistics and distribution. Investment director Valentine Beresford purchased the largest stake, buying 31,076 shares for just over £50,0
Read moreThursday broker round-up
4th Feb 2016 16:07
(ShareCast News) - Coca-Cola HBC: Barclays downgrades to underweight with a target of 1325p. TalkTalk: Goldman Sachs downgrades to neutral with a target of 271p. Paragon Group: JP Morgan downgrades to neutral and sets a 380p target. Antofagasta: Investec reiterates sell with a target of 305p. Ang
Read moreLondonMetric announces second interim dividend
3rd Feb 2016 07:42
(ShareCast News) - LondonMetric has announced a second interim dividend after a busy third quarter as the property investor continues to adjust its portfolio towards retail logistics and distribution. The FTSE 250 company will pay an interim dividend of 3.75p per share in early April, which will lif
Read moreLondonMetric sells Preston Odeon for £10.2m
25th Jan 2016 07:27
(ShareCast News) - LondonMetric has sold the Odeon Multiplex Cinema property in Preston for £10.2m, the FTSE 250 company announced on Monday. The ten screen, 33,000 square foot cinema was sold to Blackrock UK Long Lease Property Fund and reflected a net initial yield of 5.75%. The property was one
Read moreLondon pre-open: Stocks to start higher with traders focused on oil, central banks
25th Jan 2016 07:22
(ShareCast News) - UK equities are seen starting the day on the front-foot following following another strong rebound on Wall Street last Friday and gains overnight on the main Asian bourses. All eyes are on the price of oil, as its crash is increasingly considered, alongside Chinese policy moves, a
Read moreLondonMetric JV sells three UK retail parks
13th Jan 2016 07:58
(ShareCast News) - LondonMetric Property's joint venture with Universities Superannuation Scheme, Metric Income Plus Limited Partnership, has sold its retail parks at Camborne, Haverhill and Bristol for £29.5m, reflecting a blended net initial yield of 5.8%. LondonMetric's share comes to £14.7m. Th
Read moreLondonMetric sells WH Smith warehouse for £18.2m
10th Dec 2015 08:31
(ShareCast News) - LondonMetric Property has exchanged contracts to sell its 210,000 square ft WH Smith distribution warehouse in Birmingham to a UK institution for £18.2m, reflecting a net initial yield of 5.2%. The property was bought in 2013 for £10.1m with 11 years remaining on the lease. The d
Read moreLondonMetric sells more retail assets
19th Oct 2015 07:30
(ShareCast News) - LondonMetric Property has offloaded more of its retail assets in deals worth a total of £32m. The FTSE 250 property company announced the sales on Monday, netting a total of £15m. It sold the DFS property in Enfield for £24.5m on behalf of its DFS joint venture, of which the comp
Read moreLondonMetric Property sells retail parks for over £40m
1st Oct 2015 07:29
(ShareCast News) - LondonMetric Property has sold two of its retail parks for £43.4m, it announced Thursday. The FTSE 250-listed company sold the Westcroft retail park in Milton Keynes for £27.2m and the Mountbatten retail park in Southampton for £16.2m. Both parks were purchased by large UK instit
Read moreLondonMetric sells facility in Northamptonshire
5th Aug 2015 09:24
(ShareCast News) - Property investment group LondonMetric Property has completed the sale of a distribution facility in Northamptonshire to an institutional investor for £29.2m. The property, located in Wellingborough, was acquired in 2009 for £19.6m and has delivered a 38% profit on cost, the FTSE
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