2015

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16 December 2015

Appointment of Executive Committee and Strategy Director

LondonMetric Property Plc (“LondonMetric”) is pleased to announce that Andrew Smith has been appointed a member of the Company’s Executive Committee and Strategy Director.

10 December 2015

LondonMetric agrees to sell WH Smith distribution warehouse in Birmingham for £18.2 million

LondonMetric Property Plc (“LondonMetric” or “Company”) announces that it has exchanged contracts to sell its 210,000 sq ft WH Smith distribution warehouse in Birmingham to a UK institution for £18.2 million, reflecting a NIY of 5.2%.

02 December 2015

LondonMetric sells retail asset in Hove for £13.6 million

LondonMetric Property Plc announces that it has sold its PC World property in Hove to clients of Aberdeen Asset Management PLC for £13.6 million, reflecting a NIY of 5.4%.

26 November 2015

LondonMetric Announces Half Year Results to September 2015

LondonMetric today announces its half yearly results for the six months ended 30 September 2015.

26 November 2015

LondonMetric to purchase and fund 356,000 sq ft distribution warehouse development

LondonMetric Property Plc agrees to purchase and fund a new 356,000 sq ft distribution warehouse development at Omega South, Warrington.

18 November 2015

LondonMetric acquires DHL distribution warehouse, reading for £29 million

LondonMetric Property Plc (“LondonMetric” or the “Company”) announces that it has acquired a 230,000 sq ft distribution warehouse for £28.8 million, reflecting a NIY of 5.8% and an equivalent yield of 6.4%.

05 November 2015

LondonMetric Receives Gold Award for Sustainable Reporting

LondonMetric Property Plc (“LondonMetric”) is pleased to announce that it has been awarded an EPRA sBPR Gold Award for sustainability reporting.

19 October 2015

LondonMetric Sells a Further Two Retail Assets for £32 Million

LondonMetric Property Plc (“LondonMetric”) announces that it has sold the DFS property in Enfield for £24.5 million (LondonMetric share £7.5 million) on behalf of its DFS joint venture (“Joint Venture”).

16 October 2015

Notice of Half Year Results

LondonMetric Property Plc will announce its half year results for the period ended 30 September 2015 on Thursday 26 November 2015.
06 October 2015

LondonMetric secures 100,000 sq ft of new lettings

LondonMetric Property Plc (“LondonMetric”) announces that it has signed a total of 100,000 sq ft of new lettings, principally in Hove, Kings Lynn and Coventry.

The full announcement can be found in the attached file.

01 October 2015

Londonmetric sells two retail parks for £43.4 million

LondonMetric Property Plc (“LondonMetric”) announces that it has sold its Westcroft retail park in Milton Keynes for £27.2 million and its Mountbatten retail park in Southampton for £16.2 million, reflecting a blended net initial yield of 5.7%. Both parks were purchased by large UK institutional investors.

The full announcement can be found in the attached file.

05 August 2015

Londonmetric sells distribution facility in Wellingborough for £29.2 million

LondonMetric Property Plc (“LondonMetric”) announces that it has exchanged on the sale of its 341,000 sq ft distribution facility in Wellingborough to an institutional investor for £29.2 million, reflecting a NIY of 5.8%.

The full announcement can be found in the attached file.

01 July 2015

LondonMetric To Purchase And Fund The Development of a 524,000 Sq Ft Retail Distribution Warehouse

LondonMetric Property Plc (“LondonMetric” or the “Company” or the “Group”) announces that it has exchanged conditional contracts to purchase and forward fund the development of a new 524,000 sq ft retail distribution centre in Wakefield for £39.4 million, reflecting a yield on cost to LondonMetric of 6.3%.

The full announcement can be found in the attached file.

30 June 2015

LondonMetric Acquires Next Distribution Warehouse in Doncaster for £29 million

LondonMetric Property Plc (“LondonMetric” or the “Company” or the “Group”) announces that it has acquired a Next Distribution warehouse for £29 million, reflecting a net initial yield of 6.3%. The off market acquisition is from a private property company and will be funded from the Company’s existing resources.

The full announcement can be found in the attached file.

02 June 2015

LondonMetric Announces Full Year Results to March 2015

LondonMetric today announces its annual results for the year ended 31 March 2015.

The full announcement can be found in the attached file.

02 June 2015

LondonMetric Purchases £26 Million Convenience Portfolio for Five New M&S Food Halls

The full announcement can be found in the attached file.

19 May 2015

LondonMetric Strengthens Retail Distribution Capabilities With Tesco E-Commerce Hire

LondonMetric Property Plc announces it has bolstered its retail expertise with the appointment of a former member of Tesco’s property team, Sam Pringle, as an asset manager for its distribution portfolio. For seven years, Sam helped to drive Tesco’s property strategy for online fulfilment and convenience food store expansion.

The full announcement can be found in the attached file.

27 April 2015

LondonMetric Sells Lichfield Retail Park For £13.3 Million

LondonMetric Property Plc announces that the Metric Income Plus Limited Partnership, its joint venture with the Universities Superannuation Scheme, has exchanged contracts on the sale of its Lichfield retail park to Mayfair Capital's MCCPT for £13.3 million (LondonMetric share: £6.7 million), reflecting a NIY of 5.8% rising to 6.0% in June – 65% of the rental income benefits from future fixed or indexed uplifts.

The full announcement can be found in the attached file.

20 April 2015

LondonMetric Sells Travis Perkins Distribution Facility In Brackmills For £14.4 Million

LondonMetric Property Plc announces that it has exchanged on the sale of its 170,000 sq ft Travis Perkins distribution facility in Brackmills, Northamptonshire to CBRE Global Investors for £14.4 million, reflecting a NIY of 5.5%.

The property was acquired in November 2013 for £9.0 million with four months remaining on the lease. LondonMetric re-geared the lease on a new ten year term at a yield on cost of 8.0%.

The full announcement can be found in the attached file.

10 April 2015

LondonMetric Sells Harlow Distribution Facility For £37.2 Million

LondonMetric Property Plc announces that it has exchanged on the sale of the 268,000 sq ft Brake Bros Ltd. distribution facility in Harlow to Tritax Big Box REIT plc for £37.2 million (LondonMetric’s share: £18.6 million).

The property, which was built in 1989, is owned in a 50:50 joint venture between LondonMetric and Green Park and was acquired in August 2011 for £22.9 million. Last year, LondonMetric accepted a surrender of the 16.8 acre site from Tesco and completed the re-letting to Brake Bros Ltd. on a new 25 year lease subject to RPI uplifts of between 0 - 5.0% pa every 5 years.

The full announcement can be found in the attached file.

02 April 2015

LondonMetric Agrees New £400 Million Unsecured Facility

LondonMetric Property Plc announces that it has agreed a new £400 million unsecured Revolving Credit Facility with a syndicate of five lenders. The New Facility can be increased to £500 million and is for a five year term, with a two year extension. The Facility has a minimum margin of 130 bps with an opening margin of 150 bps.

The full announcement can be found in the attached file.

26 January 2015

LondonMetric Q3-15 IMS - Significant Activity Enhances Portfolio Metrics For Future Income And Capital Growth

LondonMetric announces its interim management statement for the period from 1 October 2014 to 26 January 2015 with investment activity of £362.1 million, including nine acquisitions totalling £157.8 million with an average yield of 6.1%, total retail disposals of £61.6 million at an average exit yield of 6.3% and completion of the sale of One Carter Lane for £138.8 million at an exit yield of 4.3%.

The full announcement can be found in the attached file.

20 January 2015

LondonMetric Acquires East London Distribution Facility For £56.5 Million

LondonMetric Property Plc announces that it has exchanged on the acquisition of the 410,000 sq ft Eddie Stobart distribution facility in Dagenham from Meaalofa Developments Holdings Limited for £56.5 million, reflecting a 5.10% NIY. The acquisition will be funded from existing resources.

The full announcement can be found in the attached file.

06 January 2015

LondonMetric Acquires Tesco “Last Mile” Distribution Warehouse For £21.1 Million

LondonMetric Property Plc has completed on the acquisition of the Tesco.com Distribution Centre in Croydon from CBRE Global Investors. The purchase price is £21.1 million (net of acquisition costs), reflecting a net initial yield of 5.50%. The acquisition will be funded from existing resources.

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