IN BRIEF: LondonMetric Property recycles capital ahead of Picton deal
LondonMetric Property PLC - London-based real estate investment trust focused on owning and managing logistics, convenience, healthcare, entertainment and leisure properties - Sells seven properties for GBP85 million in total since its last trading update at the start of July. The property sales - most significantly GBP59 million for two Ramsay Health Care hospitals in Truro and Salford, England - are made at prices in line with March book values and reflecting a net initial yield of 5.3%. LondonMetric notes it now has sold 32 property assets for GBP175 million in total since the start of its financial year in April. Read More