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Thu, 17th Dec 2020 15:49
(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 more(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 more(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 more(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 more(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 more(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
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