LondonMetric agrees pre-lets at Bedford Link
13th May 2019 08:16
(Sharecast News) - LondonMetric has exchanged contracts to let two logistics warehouses across 138,000 sq ft at its Bedford Link Logistics Park.
Read moreTuesday broker round-up
16th Apr 2019 12:44
(Sharecast News) - Galliford Try: Peel Hunt downgrades to hold with a target price of 700p.
Read moreRBC initiates coverage on 'attractive' LondonMetric
16th Apr 2019 12:15
(Sharecast News) - Analysts at RBC Capital Markets initiated coverage on FTSE 250 real estate investment trust LondonMetric on Tuesday, calling the firm an "attractive opportunity" at a fair value.
Read moreLondonMetric sells 3 warehouses for £24.3m
7th Jan 2019 07:12
(Sharecast News) - LondonMetric Property on Monday said it had sold three distribution warehouses for £24.3m to various buyers, reflecting a blended net initial yield of 5.4%. The sale price was 4% above book value.
Read moreLondonMetric enters into £150m private placement
20th Dec 2018 07:39
(Sharecast News) - LondonMetric Property has entered into a £150m private placement at a blended fixed rate coupon of 3.5% and a weighted average maturity of 12 years.
Read moreFocus on long income paying off for LondonMetric
28th Nov 2018 08:25
(Sharecast News) - LondonMetric Property reported continued income growth in its half-year results ended 30 September on Wednesday, which led to improved earnings and dividends.
Read moreLondonMetric 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
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