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  5. LondonMetric disposes of two UK retail parks for £55m

Pin to quick picksLondonMetric Share News (LMP)

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Share Price Information for LondonMetric (LMP)

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Share Price: 193.40
Bid: 192.60
Ask: 192.70
Change: 1.20 (0.62%)
Spread: 0.10 (0.052%)
Open: 193.20
High: 194.10
Low: 191.90
Prev. Close: 192.20
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LondonMetric disposes of two UK retail parks for £55m

Mon, 03rd Oct 2016 07:38

(ShareCast News) - LondonMetric has sold Pierpoint Retail Park in Kings Lynn for £24m and Damolly Retail Park in Newry, Northern Ireland, for £30.7m.The Tritax Property Income Fund has purchased the 74,000 sq. ft. Kings Lynn retail park, reflecting a net initial yield of 5.77%, which is in line with the March 2016 valuation. The property was bought in 2011 for £15.1m and has undergone complete refurbishment with six new lettings to Next, B&M, DFS, Tapi, Poundland and Greggs. Since purchase, the rental income has increased by 47% .A local investor purchased the 165,000 sq. ft. Damolly Retail Park, reflecting a net initial yield of 7.4%, which is 3% below March 2016 book value. LondonMetric bought the retail park in 2010 and has undertaken numerous asset management initiatives with new lettings to Lidl, Pets at Home, Home Bargains and Costa. Chief executive Andrew Jones said: "These sales represent the opportunity to monetise two of our larger retail park investments following an intense period of asset management activity."The investments have delivered positive returns over their period of ownership but it is now opportune to reinvest the monies into investment and development opportunities within our favoured logistics sectors where rental growth prospects look more attractive."
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17 May 2023 15:46

UK earnings, trading statements calendar - next 7 days

Thursday 18 May 
Brighton Pier Group PLCFull Year Results
BT Group PLCFull Year Results
Burberry Group PLCFull Year Results
ConvaTec Group PLCTrading Statement
easyJet PLCHalf Year Results
Energean PLCTrading Statement
Future PLCHalf Year Results
Helios Towers PLCQ1 Results
International Distributions Services PLCFull Year Results
Investec PLC and LtdFull Year Results
National Grid PLCFull Year Results
Nexus Infrastructure PLCHalf Year Results
Premier Foods PLCFull Year Results
Premier Miton Group PLCFull Year Results
TheWorks.co.uk PLCTrading Statement
Tritax EuroBox PLCHalf Year Results
Tyman PLCTrading Statement
Vesuvius PLCTrading Statement
Friday 19 May 
IQE PLCFull Year Results
Knights Group Holdings PLCTrading Statement
Smiths Group PLCQ3 Results
Titon Holdings PLCHalf Year Results
Tharisa PLCHalf Year Results
Monday 22 May 
Big Yellow Group PLCFull Year Results
Chrysalis Investments LtdTrading Statement
Henderson European Focus Trust PLCHalf Year Results
Kainos Group PLCFull Year Results
Pershing Square Holdings LtdQ1 Results
Ryanair Holdings PLCFull Year Results
Schroder Oriental Income Fund LtdHalf Year Results
Wincanton PLCFull Year Results
Tuesday 23 May 
Assura PLCFull Year Results
Avon Protection PLCHalf Year Results
Benchmark Holdings PLCHalf Year Results
Bytes Technology Group PLCFull Year Results
Caledonian Trust PLCFull Year Results
Calnex Solutions PLCFull Year Results
Cranswick PLCFull Year Results
Engage XR Holdings PLCFull Year Results
FD Technologies PLCFull Year Results
Forterra PLCFull Year Results
Harworth Group PLCTrading Statement
Helical PLCFull Year Results
Hilton Food Group PLCTrading Statement
Ixico PLCHalf Year Results
JPMorgan China Growth & Income PLCHalf Year Results
Pebble Group PLCFull Year Results
Princess Private Equity Holding LtdQ1 Results
Residential Secure Income PLCHalf Year Results
RS Group PLCFull Year Results
Schroder AsiaPacific Fund PLCHalf Year Results
Seraphim Space Investment Trust PLCQ1 Results
SSP Group PLCHalf Year Results
Topps Tiles PLCHalf Year Results
Trellus Health PLCFull Year Results
Victorian Plumbing Group PLCHalf Year Results
Watkin Jones PLCHalf Year Results
Wednesday 24 May 
Aviva PLCTrading Statement
Bakkavor Group PLCTrading Statement
Bodycote PLCTrading Statement
C&C Group PLCFull Year Results
Close Brothers Group PLCTrading Statement
Ediston Property Investment Co PLCHalf Year Results
Empiric Student Property PLCTrading Statement
Esken LtdFull Year Results
Great Portland Estates PLCFull Year Results
Gym Group PLCTrading Statement
HICL Infrastructure PLCFull Year Results
Intertek Group PLCTrading Statement
Kier Group PLCTrading Statement
Kingfisher PLCQ1 Results
LondonMetric Property PLCFull Year Results
Majedie Investments PLCHalf Year Results
Marks & Spencer Group PLCFull Year Results
Mediclinic International PLCFull Year Results
Mortgage Advice Bureau Holdings PLCTrading Statement
N Brown Group PLCFull Year Results
Petershill Partners PLCTrading Statement
Purplebricks Group PLCTrading Statement
Regional REIT LtdTrading Statement
Sabre Insurance Group PLCTrading Statement
Severn Trent PLCFull Year Results
Sondrel Holdings PLCFull Year Results
SSE PLCFull Year Results
Tullow Oil PLCTrading Statement
Wynnstay Properties PLCFull Year Results
Zotefoams PLCTrading Statement
  
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5 Apr 2023 15:45

UK dividends calendar - next 7 days

Thursday 6 April 
Alumasc Group PLCdividend payment date
Athelney Trust PLCdividend payment date
Breedon Group PLCex-dividend payment date
Brooks Macdonald Group PLCdividend payment date
ConvaTec Group PLCex-dividend payment date
CT Private Equity Trust PLCex-dividend payment date
CT UK High Income Trust PLCex-dividend payment date
Domino's Pizza Group PLCex-dividend payment date
European Assets Trust PLCex-dividend payment date
F&C Investment Trust PLCex-dividend payment date
Finsbury Growth & Income Trust PLCex-dividend payment date
Games Workshop Group PLCex-dividend payment date
Henderson Eurotrust PLCex-dividend payment date
Henderson High Income Trust PLCex-dividend payment date
Howden Joinery Group PLCex-dividend payment date
IMI PLCex-dividend payment date
Impellam Group PLCspecial dividend payment date
International Personal Finance PLCex-dividend payment date
International Public Partnerships Ltdex-dividend payment date
Invesco Asia Trust PLCex-dividend payment date
Land Securities Group PLCdividend payment date
Luceco PLCex-dividend payment date
Man Group PLCex-dividend payment date
Mercantile Investment Trust PLCex-dividend payment date
Mobius Investment Trust PLCex-dividend payment date
Murray International Trust PLCex-dividend payment date
Northamber PLCex-dividend payment date
Personal Group Holdings PLCex-dividend payment date
PZ Cussons PLCdividend payment date
Reckitt Benckiser Group PLCex-dividend payment date
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Regional REIT Ltddividend payment date
Rentokil Initial PLCex-dividend payment date
Savills PLCex-dividend payment date
Savills PLCspecial ex-dividend payment date
Schroder Asian Total Return Investment Co PLCex-dividend payment date
Schroder Income Growth Fund PLCex-dividend payment date
Smart Metering Systems PLCex-dividend payment date
Smiths Group PLCex-dividend payment date
Travis Perkins PLCex-dividend payment date
Wilmington PLCdividend payment date
Friday 7 April 
Safestore Holdings PLCdividend payment date
Monday 10 April 
Barratt Developments PLCex-dividend payment date
RIT Capital Partners PLCex-dividend payment date
Tuesday 11 April 
Dunelm Group PLCdividend payment date
Gore Street Energy Storage Fund PLCdividend payment date
Hays PLCdividend payment date
JPMorgan Global Growth & Income PLCdividend payment date
Mobius Investment Trust PLCdividend payment date
Renishaw PLCdividend payment date
Ricardo PLCdividend payment date
Wednesday 12 April 
Assura PLCdividend payment date
Goodwin PLCdividend payment date
LondonMetric Property PLCdividend payment date
Personal Assets Trust PLCdividend payment date
Schroder European Real Estate Investment Trust PLCex-dividend payment date
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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28 Mar 2023 10:08

LondonMetric Property sells five warehouses for GBP35 million

(Alliance News) - London-based property investor LondonMetric Property PLC on Tuesday said it has sold five warehouses in two transactions for GBP34.8 million

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28 Mar 2023 07:54

LondonMetric sells five assets for £34.8m

(Sharecast News) - LondonMetric Property said it had sold five properties two transactions for £34.8m at a 4% discount to September 30 book value.

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23 Mar 2023 09:39

LondonMetric sells GBP46 million multi-let industrial units portfolio

(Alliance News) - LondonMetric Property PLC on Thursday said it completed the sale of three multi-let industrial estates in England for GBP46.0 million, representing a net initial yield of 5.8%.

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23 Mar 2023 07:15

LondonMetric sells three estates for £46m

(Sharecast News) - LondonMetric Property on Thursday said it had sold a portfolio of three multi-let industrial estates for £46m.

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6 Mar 2023 09:43

LondonMetric Property sells seven long income assets for GBP34 million

(Alliance News) - LondonMetric Property PLC on Monday said it has sold seven long income assets for GBP34 million, with the company's share at GBP30 million.

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6 Mar 2023 07:23

LondonMetric sells seven long-income assets

(Sharecast News) - LondonMetric Property announced the sale of seven long-income assets for £33.9m on Monday, with its share totalling £29.6m.

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2 Mar 2023 15:48

UK dividends calendar - next 7 days

Friday 3 March 
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DWF Group PLCdividend payment date
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ICG Enterprise Trust PLCdividend payment date
IG Group Holdings PLCdividend payment date
Paragon Banking Group PLCdividend payment date
PRS REIT PLCdividend payment date
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Alliance Trust PLCex-dividend payment date
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Copyright 2023 Alliance News Ltd. All Rights Reserved. 

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20 Feb 2023 09:15

LONDON BROKER RATINGS: Berenberg lowers Spectris; RBC cuts Direct Line

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17 Feb 2023 09:19

LONDON BROKER RATINGS: Numis cuts British Land and Land Securities

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

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26 Jan 2023 14:57

LondonMetric chair Vaughan to step down

(Sharecast News) - LondonMetric Property said on Thursday that chair Patrick Vaughan will step down from the board with effect from 11 July.

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26 Jan 2023 14:31

IN BRIEF: LondonMetric Property appoints Alistair Elliott as chair

LondonMetric Property PLC - London-based property investor - Appoints Non-Executive Director Alistair Elliott as chair from July 11, replacing Patrick Vaughan. Company refers to an annual general meeting held in July 2022, when 79% of shares cast their vote in favour of re-electing Patrick Vaughan to the board of directors. LondonMetric Property says shareholders noted that female representation fell below 33% at the 2022 annual general meeting, and that Vaughan's tenure as chair had lasted over nine years. The company confirms that at the next annual general meeting, female representation on the board will increase to 33% from currently 30%. "LondonMetric confirms that it is in advanced stages of recruiting a female non-executive director and expects to announce an appointment over the next two months," the firm says.

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24 Jan 2023 08:15

LondonMetric Property adds GBP2.4 million in yearly rent

(Alliance News) - LondonMetric Property PLC on Tuesday said it has added GBP2.4 million in annualised rent since September 30, having taken on 62 occupier initiatives.

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24 Jan 2023 07:53

LONDON BRIEFING: AB Foods says Primark has "very strong Christmas"

(Alliance News) - Stock prices in London were expected to open flat on Tuesday, after data showed UK government borrowing continued to break monthly records.

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