LondonMetric 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,
Read moreLondonMetric 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
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