2016

Register for email alerts
Click here for all regulatory announcements

14 December 2016

LondonMetric Agrees Letting of its 357,000 sq ft Omega South Distribution Warehouse

LondonMetric Property Plc (“LondonMetric”) is pleased to announce that it has conditionally exchanged contracts to let its 357,000 sq. ft. development in Warrington.
30 November 2016

LondonMetric Announces Half Year Results to September 2016

LondonMetric today announces its half yearly results for the six months ended 30 September 2016.

23 November 2016

LondonMetric grows portfolio of 'last mile' distribution warehouses with eight acquisitions for £40 million

LondonMetric Property Plc (“LondonMetric”) announces that it has acquired eight 'last mile' distribution warehouse for £39.9 million at a blended yield of 6.2% and with a WAULT of 9.0 years.

22 November 2016

£18 million acquisition of two warehouses

LondonMetric Property Plc (“LondonMetric”) announces that the Metric Income Plus Limited Partnership (“MIPP”), its joint venture with Universities Superannuation Scheme Ltd (“USS”), has acquired a B&Q warehouse in Hull and a Wickes warehouse in Dartford for a total cost of £18.4 million (LondonMetric share: £9.2 million), reflecting a blended NIY of 6.8%.

03 November 2016

LondonMetric sells retail asset in St Albans

LondonMetric Property Plc (“LondonMetric”) announces that it has sold its Alban Retail Park in St Albans for £5.75 million.

17 October 2016

LondonMetric acquires Last Mile distribution warehouse

LondonMetric Property Plc (“LondonMetric”) announces that it has acquired a distribution warehouse in Stevenage for £7.3m at a NIY of 6.25%.

03 October 2016

LondonMetric sells two retail parks for £55 million

LondonMetric Property Plc (“LondonMetric”) announces that it has sold Pierpoint Retail Park in Kings Lynn for £24.0 million and Damolly Retail Park in Newry, Northern Ireland, for £30.7 million.

22 September 2016

LondonMetric £130 million private placement

LondonMetric Property Plc (“LondonMetric” or “Company” or “Group”) announces that it has entered into a £130 million private placement at a blended fixed rate coupon of 2.70% and a weighted average maturity of 8.3 years (“Private Placement”).

14 September 2016

LONDONMETRIC ACHIEVES GRESB GREEN STAR AND EPRA GOLD STAR AWARDS FOR SUSTAINABLE REPORTING IN 2016

LondonMetric Property Plc (“LondonMetric” or “Company”) is pleased to announce that it has been awarded a Green Star in this year’s Global Real Estate Sustainability Benchmark (GRESB) survey.

08 September 2016

Publication of Scrip Dividend Scheme Circular and Scrip Calculation Price

On 24 August 2016, LondonMetric Property Plc (“Company”) declared a first quarterly interim dividend of 1.8 pence per Ordinary Share (“First Quarterly Dividend”). The Company also announced that it intended to put in place a Scrip Dividend Scheme (“Scheme”).

05 September 2016

LondonMetric sells retail asset and acquires Last Mile distribution warehouse

LondonMetric Property Plc (“LondonMetric”) announces that it has sold a retail park in Warrington for £6.6 million, at a NIY of 5.4% and acquired an 89,000 sq ft distribution warehouse in Hemel Hempstead for £8.3 million, at a NIY 6.4%.

24 August 2016

Notice of Dividend and Scrip Dividend Scheme

LondonMetric Property Plc ("LondonMetric" or "Company") has today declared a first quarterly interim dividend of 1.8 pence per Ordinary Share (“First Quarterly Dividend”) which will be paid as a Property Income Distribution ("PID").

01 June 2016

LONDONMETRIC DELIVERS SUBSTANTIAL EARNINGS GROWTH THROUGH ITS FOCUS ON RETAIL DISTRIBUTION

LondonMetric today announces its annual results for the year ended 31 March 2016.

01 June 2016

Non-executive Director changes

LondonMetric Property Plc (“LondonMetric”) announces that Andrew Livingston has joined the Board as an independent Non-Executive Director with effect from 31 May 2016. Andrew also joins as a member of the Audit Committee.

26 May 2016

LONDONMETRIC TO DEVELOP C100,000 SQ FT DISTRIBUTION WAREHOUSING IN CRAWLEY

LondonMetric Property Plc (“LondonMetric”) announces that it has purchased a four acre site in Crawley to develop approximately 100,000 sq ft of prime distribution space at a cost of c£20 million, reflecting a yield on cost of c6.3%.

10 May 2016

DISPOSAL OF THREE RETAIL PARKS FOR £16 MILLION

LondonMetric Property Plc (“LondonMetric”) announces that the Metric Income Plus Limited Partnership (“MIPP”), its joint venture with Universities Superannuation Scheme Ltd (“USS”), has sold its retail parks in Bridgwater, Chatham and Grimsby for £15.9 million (LondonMetric share: £8.0 million), reflecting a blended NIY of 5.7%.

26 April 2016

LONDONMETRIC ACQUIRES £16 MILLION OF ASSETS AT 7.0%

LondonMetric Property Plc (“LondonMetric”) announces that it has acquired two convenience assets in Matlock and Leicester and a development site in Ipswich for a total cost of £16.2 million, reflecting a net initial yield of 7.0%.

14 April 2016

LondonMetric Property Plc sells Odeon Multiplex Cinema in Taunton

LondonMetric Property Plc (“LondonMetric”) announces that it has exchanged on the sale of its freehold Odeon Multiplex Cinema in Taunton for £9.1 million, to Asda Pension Fund reflecting a net initial yield of 5.5%. The property will form part of a portfolio managed by OLIM Property Limited (“OLIM”).

17 March 2016

Three Distribution Warehouses Acquired for £22m

LondonMetric Property Plc (“LondonMetric” or the “Company”) announces that it has acquired three distribution warehouses for £21.8 million, totalling 212,600 sq ft and reflecting a NIY of 6.6%, which contractually rises to 6.9% within two years.

03 February 2016

Trading and dividend update

LondonMetric Property Plc (“LondonMetric” or the “Company”) today provides a trading update on activity since 30 September 2015 and announces details of a second interim dividend.

25 January 2016

LondonMetric sells Odeon Multiplex Cinema in Preston for £10.2 million

LondonMetric Property Plc (“LondonMetric”) announces that it has exchanged on the sale of its Odeon Multiplex Cinema in Preston for £10.2 million to Blackrock UK Long Lease Property Fund (“Blackrock”) reflecting a net initial yield of 5.75%.

13 January 2016

LondonMetric disposes of three retail parks for £30 million

LondonMetric Property Plc (“LondonMetric”) announces that the Metric Income Plus Limited Partnership (“MIPP”), its joint venture with Universities Superannuation Scheme Ltd (“USS”), has sold its retail parks at Camborne, Haverhill and Bristol for £29.5 million (LondonMetric share: £14.7 million), reflecting a blended NIY of 5.8%.

Delivered by Investis – link to website (opens in a new window)