(Alliance News) - Urban Logistics REIT PLC on Monday confirmed the terms of an offer from LondonMetric Property PLC, following a preliminary takeover proposal last week. Read More
LondonMetric Property PLC - FTSE 100-listed London-based real estate investment trust - Confirms that on April 2, it submitted a non-binding, indicative, cash and share proposal to buy Urban Logistics REIT PLC, the UK-focused logistics real estate investment trust. Says it awaits the response of Urban Logistics. LondonMetric believes that Urban Logistics shareholders would benefit from LondonMetric's superior scale, enjoying exposure to a larger, more diverse portfolio, strong income characteristics, and better and cheaper access to financing, an efficient cost structure and improved liquidity in the trading of its shares. Also contrasts LondonMetric's internal management structure with strong alignment resulting from significant executive share ownership, compared with Urban Logistics' external management structure. Any deal would require Urban Logistics not proceeding to execute the internalisation of its management arrangements. LondonMetric confirms it has bought 5.6 million shares in Urban Logistics at 132.5 pence each and that any bid will not be made on less favourable terms. Read More
(Alliance News) - European stocks ended mixed on Friday, with the FTSE 100 shining as tariff worries kept a lid on enthusiasm on the mainland, while US banks traded mixed after a contrasting response to earnings. Read More
(Alliance News) - Urban Logistics REIT PLC on Friday said it has received a preliminary, indicative takeover proposal from LondonMetric Property PLC, though there is no certainty that any offer will be made. Read More
(Alliance News) - LondonMetric Property PLC on Thursday said it has acquired a long-let Marks & Spencer Group PLC logistics warehouse for a total of GBP74.0 million. Read More
(Alliance News) - Stock prices in London opened in the red on Monday, as EU ministers prepare to discuss strategies to either reciprocate US tariffs or convince Trump to back down Read More
LondonMetric Property PLC - London-based real estate investment trust - Sells GBP40.4 million of mature and non-core urban warehousing, reflecting a net yield of 4.3%. Five assets have been sold in separate transactions to owner occupiers and long only funds. The deal includes three London warehouses in Walthamstow, Park Royal and Croydon, sold for GBP30.8 million and reflecting a NIY of 3.9%; and two warehouses in Birmingham and Aberdeen, sold for GBP9.6 million and reflecting a NIY of 5.7%. The company says the sales are in line with book values as of the end of September and have delivered a profit on cost of 30% and an ungeared internal rate of return of 10%. The firm says it has sold 70 assets for GBP347 million, taking a GBP342 million share, at 1.6% above prevailing book values in the year to the end of March. Read More
(Alliance News) - Stocks were called lower in London on Monday, with US President Donald Trump professing a lack of concern over global market sell-offs as his aides reassured that negotiations were on the table. Read More
(Alliance News) - LondonMetric Property PLC on Thursday said it had agreed terms with Oxford, England-based real estate investment trust, Highcroft Investments PLC, as it advances its strategy of greater sector consolidation. Read More
(Alliance News) - London is called to open lower on Thursday, as the market digests the latest US tariff targeting the automobile industry, and ahead of UK Prime Minister Keir Starmer's appearance at a summit in Paris on Ukraine ceasefire talks. Read More
LondonMetric Property PLC - London-based real estate investment trust - Receives a first time long-term issuer default rating of BBB+ from Fitch Ratings Inc with a stable outlook. Gets senior unsecured rating of A- for existing US private placement notes. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and on Wednesday: Read More
LondonMetric Property PLC - London-based real estate investment trust - Non-executive directors Nick Leslau and Sandy Gumm sell 26.4 million shares via Prestbury Management Holdings Ltd at 178.72 pence per share, worth GBP47.1 million, on Thursday. Prestbury was a large shareholder in LXi REIT PLC, with which LondonMetric completed an all-share merger in March last year. The sale of LondonMetric shares follows the expiry of the lock-up period following the acquisition. Laslau retains 26.4 million shares, a 1.3% stake, while Gumm still has 351,640. "As non-executive directors, both Mr Leslau and Ms Gumm are fully supportive of the company and remain committed long-term shareholders," LondonMetric says. Read More
(Alliance News) - LondonMetric Property PLC on Monday said it is on track to hit rental income targets for 2026 after seeing a healthy recent increase in rental income. Read More
(Alliance News) - The following London-listed shares received analyst recommendations on Monday morning and on Friday: Read More
(Alliance News) - LondonMetric Property PLC on Wednesday said it sold a number of non-core assets across the UK, as it looks to invest in higher-quality properties. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and on Monday: Read More