LondonMetric sells Worcester property for ?6.2m
13th Jan 2020 07:39
(Sharecast News) - LondonMetric Property said it had sold an office park in Worcester for £6.2m, reflecting a net initial yield of 6.7%.
Read moreLondonMetric cuts warehouse exposure with ?145m sell-off
20th Dec 2019 07:12
(Sharecast News) - LondonMetric Property said it had sold two mega box and two regional distribution warehouses, in three deals, for a combined £145.3m as it moved to cut its exposure to lower income growth assets.
Read moreDirector dealings: Londonmetric chairman lowers stake
29th Nov 2019 15:48
(Sharecast News) - Londonmetric Property revealed on Friday that chairman Patrick Vaughan had sold 400,000 ordinary shares in the FTSE 250-listed real estate investment trust.
Read moreLondonMetric rental income rises as it integrates Mucklow acquisition
27th Nov 2019 08:03
(Sharecast News) - LondonMetric announced its half-year results for the six months ended 30 September on Wednesday, reporting that its continued focus on income growth saw its net rental income rise 16.6% to £54.9m, including three months of income from the Mucklow acquisition.
Read moreLondonMetric sells two properties for ?11.6m
14th Oct 2019 07:13
(Sharecast News) - LondonMetric on Monday said it had sold two properties for a total of £11.6m, with both sales representing material premiums to the properties' book value.
Read moreMorgan Stanley downgrades LondonMetric to 'underweight'
2nd Sep 2019 14:46
(Sharecast News) - Analysts at Morgan Stanley downgraded its recommendation on British property group LondonMetric from 'equal-weight' to 'underweight' on Monday as part of a research note on the wider sector, saying the firm's valuation looked "extended" when viewed in a historical context.
Read moreLondonMetric buys and funds new Croda distribution hub
19th Aug 2019 07:28
(Sharecast News) - LondonMetric Property has agreed to purchase and fund a new 232,000 square foot distribution warehouse for £24m, it announced on Monday, reflecting a yield on cost of 5.2%.
Read moreFriday broker round-up
31st May 2019 12:50
(Sharecast News) - Bunzl: Goldman Sachs upgrades to buy with a target price of 2,700p.
Read moreLondonMetric to buy Midlands-based A&J Mucklow in ?415m deal
23rd May 2019 08:06
(Sharecast News) - LondonMetric Property posted a 3.5% increase in full-year net rental income on Thursday as it announced the acquisition of Midlands-based real estate investment trust A&J Mucklow in a cash and stock deal that values it at around £414.7m.
Read moreLondonMetric 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.
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