Company
LondonMetric Property PLC
LON:LMP
LondonMetric Property PLC is a FTSE 250 listed REIT specialising in property investment and development. It delivers attractive returns for shareholders through a strategy of increasing income and improving capital values.
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LondonMetric completes acquisition of two warehouses in the UK
The FTSE 250 company hopes to generate £6mln a year in rent
LondonMetric offloads Liverpool grocery property for £10.2mln
The property company has also made an acquisition - an urban logistics warehouse in Cardiff, which it bought for £11.1mln
LondonMetric sells Primark distribution warehouse for £102mln
The landlord acquired the property in 2013 for £60.5mln
LondonMetric Property refinances on better terms
“These refinancings lengthen our debt maturity and reduce our overall cost of borrowing."
LondonMetric offloads more properties
The company said it has sold an M&S Foodhall and a Wickes store for a total of £11.1mln
LondonMetric collects almost full rent in latest quarter
Payment had been consistent across all sectors said the FTSE250 member
LondonMetric Property sells three retail assets and two offices for a total £38.5mln
"We continue to dispose of non-core and mature assets at attractive prices," said Andrew Jones, chief executive of LondonMetric
LondonMetric Property buys petrol station sites
The assets have a blended yield of 5.1% with an average lease period of 18 years.
LondonMetric Property sells six warehouses, plans to invest in areas with better rents
“Whilst we seek to avoid unnecessary asset turnover, we will always take advantage of strong approaches for our assets,” said CEO Andrew Jones
LondonMetric Property ups dividend, signs new distribution contracts
The payout was upped to 8.3p from 8.2p last year, while the warehousing industry has performed well during the pandemic
Archive
FTSE 100 closes in red as markets await US Fed's economic projections
Footsie closed Wednesday down over six points at 6,329, while midcap cousin FTSE 250 was also off, losing over 149 points to finish at 17,605
Wednesday to see all eyes on Fed
No major moves are expected from the US central bank, so investors are likely to instead pay close attention to its economic projections
LondonMetric Property completes upsized £120mln placing for expansion as pandemic impact throws up opportunities
The FTSE 250-listed REIT had raised the amount from an initial level of approximately £100mln in light of the exceptional level of demand received both from existing investors and potential new holders
LondonMetric agrees to purchase and fund new 232,000 sq ft warehouse
The property, which is expected to begin construction imminently and complete by the middle of next year, has already been leased to chemicals firm Croda
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