Tag: LondonMetric Property
LondonMetric sells retail and office properties for £27m
LondonMetric Property has sold five properties, in separate transactions, for £26.7 million, reflecting a 6% profit over 31 March 2024 book values. The retail and...
LondonMetric divests two office assets in Scotland for £37m
LondonMetric Property has agreed to sell two office assets in Scotland to a single buyer for £36.6 million, reflecting a blended NIY of 7.0%. The sales are former...
LondonMetric sells retail assets, acquires urban warehouses
LondonMetric Property has sold seven properties in separate transactions for £31.3 million, reflecting a blended NIY of 7.0% and a 3% profit over prevailing...
LondonMetric appoints Sandy Gumm as non-executive director
LondonMetric Property Plc has announced the appointment of Sandy Gumm as a Non-Executive Director to the Board of Directors, effective March 27, 2024. Sandy Gumm is...
LondonMetric completes merger with LXi REIT
LondonMetric Property hass announced the completion of the merger with LXi REIT plc, as the Scheme of Arrangement became effective on March 5, 2024. Concurrently,...
LondonMetric, LXi create UK’s first triple net lease REIT with £6.2bn...
LondonMetric and LXi have entered into a strategic merger, laying the foundation for the creation of a major UK Real Estate Investment Trust (REIT). LondonMetric...
LondonMetric pays £21.2m for Doncaster distribution warehouse
LondonMetric Property has bought a long-let distribution warehouse in Doncaster for £21.2 million, reflecting a NIY of 6.3%. The 264,000 sq ft regional logistics warehouse is let...
LondonMetric and LXi REIT in talks for all-share merger
LondonMetric Property and LXi REIT confirmed that they are in talks regarding a possible all-share merger of the two companies, pursuant to which LondonMetric...
LondonMetric sells six assets for £24.5m
LondonMetric Property has sold six assets in separate transactions for £24.5 million. Four non-core assets have been sold from the recently acquired CT Property Trust...
Hines buys four multi-let industrial estates for £41m
LondonMetric Property has sold a portfolio of four multi-let industrial estates to Hines for £40.5 million, reflecting a NIY of 6.2%. The estates total 435,000...
