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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.
More News
8 Dec 2020 08:15

LondonMetric leases Tyseley development to mystery retailer

(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.

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23 Nov 2020 13:28

Monday broker round-up

(Sharecast News) - DWF Group: Liberum initiates at hold with a target price of 90p.

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19 Nov 2020 07:44

LondonMetric ups dividend after strong rent collection

(Sharecast News) - LondonMetric increased its dividend as the property company reported strong rent collection and higher revenue in the first half.

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15 Oct 2020 09:23

LondonMetric makes £22.2m from disposals

(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.

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15 Oct 2020 08:47

Rolls-Royce prices £2bn in senior notes as part of recapitalisation

(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.

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12 Oct 2020 08:18

LondonMetric collects 94% of October rents

(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.

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11 Sep 2020 07:28

LondonMetric sells six distribution warehouses for £57.3m

(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%.

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7 Jul 2020 14:00

Tuesday broker round-up

(Sharecast News) - Unite Group: Peel Hunt upgrades to add with a target price of 1,000.0p.

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7 Jul 2020 10:13

Liberum raises target price on LondonMetric

(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.

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2 Jul 2020 07:24

LondonMetric to raise dividend after 'strong' rent collection

(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.

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25 Jun 2020 08:09

LondonMetric makes two new property acquisitions

(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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16 Jun 2020 14:32

Tuesday broker round-up

(Sharecast News) - Big Yellow: Berenberg downgrades to hold with a target price of 1,050p.

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10 Jun 2020 07:03

LondonMetric pays Q4 dividend, eyes rise in online food shopping

(Sharecast News) - Property manager LondonMetric paid a fourth quarter dividend as looked to cash in on the rise in online shopping during the coronavirus lockdown.

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3 Jun 2020 09:12

Londonmetric acquires two long income assets

(Sharecast News) - Real estate investment trust Londonmetric acquired two long income assets on Wednesday for a total of £11.6m, reflecting a blended net initial yield of 5.1%.

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5 May 2020 13:27

Tuesday broker round-up

(Sharecast News) - Stagecoach Group: Canaccord upgrades to buy with a target price of 110p.

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