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  5. LondonMetric sells two properties for combined £11.1m

Pin to quick picksLondonMetric Share News (LMP)

LondonMetric Information

Share Price Information for LondonMetric (LMP)

London Stock Exchange
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Share Price: 194.90
Bid: 195.40
Ask: 195.80
Change: -1.70 (-0.86%)
Spread: 0.40 (0.205%)
Open: 192.00
High: 196.60
Low: 191.90
Prev. Close: 196.60
LMP Live PriceLast checked at -

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LondonMetric sells two properties for combined £11.1m

Fri, 23rd Apr 2021 07:01

(Sharecast News) - LondonMetric Property has sold two properties let to Marks & Spencer and Wickes in Derby for a combined £11.1m to unnamed buyers.
The sale represents a blended net initial yield of 6% and a 7% surplus to the last reported book value.

One property is a M&S Foodhall, sold to an overseas private investor for £6.2m and the other a Wickes store, purchased by an overseas property company for £4.9m.
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3 Jun 2021 12:50

Thursday broker round-up

(Sharecast News) - Experian: RBC Capital Markets downgrades to underperform with a target price of 2,400p.

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27 May 2021 08:42

Londonmetric hikes dividend after swinging to FY profit

(Sharecast News) - Real estate investment trust Londonmetric hiked its final dividend on Thursday after swinging to a full-year profit on the back of higher annual rental income.

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21 May 2021 07:38

LondonMetric buys two warehouses for £13.5m to become dark kitchens

(Sharecast News) - LondonMetric said it had bought two London warehouses for £13.5m which will be converted into "dark kitchens" serving the food delivery market.

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19 May 2021 08:13

LondonMetric acquires urban logistics warehouse in Waltham Cross

(Sharecast News) - Real estate investment trust LondonMetric has acquired a "well-located" urban logistics warehouse in Waltham Cross for £43.8m as part of a sale and lease back transaction.

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14 May 2021 07:34

LondonMetric buys three urban logistics warehouses for £19m

(Sharecast News) - LondonMetric Property has bought three urban logistics warehouses for £18.7m.

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4 May 2021 10:21

LondonMetric completes £780m of new debt

(Sharecast News) - LondonMetric has completed its £380m private debt placement, with a blended maturity of 11.1 years and a blended coupon of 2.27%.

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19 Apr 2021 07:07

LondonMetric reports strong rent collection

(Sharecast News) - LondonMetric said it collected 98% of March rents and that rent collection was strong across all sectors.

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12 Apr 2021 07:37

LondonMetric sells 5 non-core office and retail assets for £38.5m

(Sharecast News) - LondonMetric Property said on Monday that it has sold five non-core office and retail assets for a combined £38.5m, its share of which is £28m.

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25 Mar 2021 07:44

LondonMetric prices £380m placement to replace existing debt

(Sharecast News) - LondonMetric Property has priced a £380m private debt placement with a number of institutional investors in North America and the UK, it announced on Thursday, to replace existing debt facilities.

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16 Mar 2021 09:06

LondonMetric buys two properties for £31.2m

(Sharecast News) - LondonMetric Property said it had bought two warehouses in Milton Keynes for a total of £31.2m.

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11 Mar 2021 07:35

LondonMetric sells portfolio of six retail assets

(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%.

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2 Feb 2021 08:52

LondonMetric acquires seven service stations across three transactions

(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%.

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12 Jan 2021 09:09

LondonMetric buys two new warehouses in Manchester and Birmingham

(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%.

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17 Dec 2020 15:49

Director dealings: Londonmetric chairman lowers stake

(Sharecast News) - Londonmetric revealed on Thursday that chairman Patrick Vaughan had disposed of 500,000 ordinary shares in the FTSE 250-listed property company.

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