LondonMetric sells portfolio of six retail assets
11th Mar 2021 07:35
(Sharecast News) - LondonMetric Property has sold a portfolio of long income assets to S&P 500 real estate investment trust Realty Income for £40.9m, it announced on Thursday, reflecting a blended net initial yield of 5.9%.
Read moreLondonMetric acquires seven service stations across three transactions
2nd Feb 2021 08:52
(Sharecast News) - LondonMetric has acquired £21.9m of convenience service stations across three separate transactions, it announced on Tuesday, reflecting a blended net initial yield of 5.1%.
Read moreLondonMetric buys two new warehouses in Manchester and Birmingham
12th Jan 2021 09:09
(Sharecast News) - LondonMetric Property announced the acquisition of two urban logistics warehouses in Manchester and Birmingham on Tuesday, for £39m, reflecting a blended yield on cost of 4.25%.
Read moreDirector dealings: Londonmetric chairman lowers stake
17th Dec 2020 15:49
(Sharecast News) - Londonmetric revealed on Thursday that chairman Patrick Vaughan had disposed of 500,000 ordinary shares in the FTSE 250-listed property company.
Read moreLondonMetric leases Tyseley development to mystery retailer
8th Dec 2020 08:15
(Sharecast News) - Property group LondonMetric has leased its Tyseley development near Birmingham to an unnamed retailer on a new 15-year lease at an annual rent of £1.6m.
Read moreMonday broker round-up
23rd Nov 2020 13:28
(Sharecast News) - DWF Group: Liberum initiates at hold with a target price of 90p.
Read moreLondonMetric ups dividend after strong rent collection
19th Nov 2020 07:44
(Sharecast News) - LondonMetric increased its dividend as the property company reported strong rent collection and higher revenue in the first half.
Read moreLondonMetric makes £22.2m from disposals
15th Oct 2020 09:23
(Sharecast News) - LondonMetric Property said on Thursday that it has sold four retail properties from its long income portfolio for £22.2m and bought three convenience stations for £10.8m.
Read moreRolls-Royce prices £2bn in senior notes as part of recapitalisation
15th Oct 2020 08:47
(Sharecast News) - Rolls-Royce has priced an offering of three tranches of senior unsecured notes denominated in dollars, euros and sterling, it announced on Thursday, to raise £2bn, as part of its recapitalisation package.
Read moreLondonMetric collects 94% of October rents
12th Oct 2020 08:18
(Sharecast News) - Property company LondonMetric on Monday said it had collected 94% of rent due up to October as tenants started repaying quarterly instead of monthly after coronavirus lockdown measures were eased.
Read moreLondonMetric sells six distribution warehouses for £57.3m
11th Sep 2020 07:28
(Sharecast News) - LondonMetric Property announced the disposal of a portfolio of six distribution warehouses for £57.3m to Canmoor and Canadian institutional investor AIMCo on Friday, reflecting a blended net initial yield of 5.3%.
Read moreTuesday broker round-up
7th Jul 2020 14:00
(Sharecast News) - Unite Group: Peel Hunt upgrades to add with a target price of 1,000.0p.
Read moreLiberum raises target price on LondonMetric
7th Jul 2020 10:13
(Sharecast News) - Analysts at Liberum raised their target price on British property company LondonMetric from 180.0p to 210.0p on Tuesday, stating the group's valuation was supported by a 4.0% dividend yield.
Read moreLondonMetric to raise dividend after 'strong' rent collection
2nd Jul 2020 07:24
(Sharecast News) - LondonMetric Property said on Thursday that 95% of advance rental payments due up to 24 June had been collected, or was being collected monthly.
Read moreLondonMetric makes two new property acquisitions
25th Jun 2020 08:09
(Sharecast News) - LondonMetric Property announced two acquisitions for a total consideration of £72.9m on Thursday, with both transactions having previously been identified by the company at the time of its recent equity placing.
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