LondonMetric Property completes takeover of Highcroft Investments
21st May 2025 10:37
(Alliance News) - Highcroft Investments PLC on Wednesday said its takeover by London-based REIT LondonMetric Property PLC has now become effective. Read More
(Alliance News) - Highcroft Investments PLC on Wednesday said its takeover by London-based REIT LondonMetric Property PLC has now become effective. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and on Tuesday: Read More
(Alliance News) - LondonMetric Property PLC on Tuesday said its annual profit nearly tripled, as the real estate investment trust reaped the rewards of a growing logistics portfolio and its merger with LXi REIT PLC. Read More
LondonMetric Property PLC - London-headquartered real estate investment trust - Announces the sale of various non-core and mature assets for GBP61.8 million, in separate transactions at a blended net initial yield of 6.1%. Says all assets were previously acquired through corporate acquisitions. They comprise, firstly, a multi-storey car park in Yorkshire let to Q-Parks and four pubs let to Stonegate, sold for GBP21.7 million at a blended NIY of 7.7%. Secondly, a multi-let industrial estate in Crawley was purchased for GBP21.4 million at a NIY of 5.05%. Thirdly, LondonMetric sold two retail assets let to Lidl and Wickes for GBP10.1 million at a blended NIY of 5.8%. Lastly, an occupier acquired a logistics unit in Southampton for GBP8.6 million at a NIY of 4.8%. Company says disposals are in line with prevailing book values and 10% above the assets' allocated prices at the time of purchase. Read More
(Corrects share prices of International Consolidated Airlines and LondonMetric at market close) Read More
(Alliance News) - Stock prices in London closed in the green on Friday, as investors continue to digest the new US-UK trade deal and look to talks starting this weekend between the US and China. Read More
(Alliance News) - LondonMetric Property PLC on Friday said it has agreed to acquire Urban Logistics REIT PLC in a cash-and-share deal worth approximately GBP698.9 million, as it doubles down on its bet that urban warehousing will drive rental growth in the UK real estate market. Read More
(Alliance News) - Stock prices in Europe opened higher on Friday, amid hope that trade tensions between the US and China could soften. Read More
(Alliance News) - London's FTSE 100 is called to open higher on Friday, on optimism that a UK-US trade agreement could pave the way for a similar pact with China, to ease the hit from tariffs. Read More
(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