Londonmetric makes £120m worth of acquisitions and sales in dealmaking spree Property LondonMetric has made £70m worth of acquisitions and offloaded other assets worth £50m in the real estate investment trust's (REIT) latest dealmaking spree.
LXi and Londonmetric agree mega-merger to create UK’s fourth largest real estate investment trust property Following completion, existing Londonmetric shareholders will hold approximately 54 per cent and LXi shareholders will hold approximately 46 per cent of the enlarged group.
Londonmetric mulls takeover of Alton Towers owner could ‘create one of the UK’s largest listed landlords’ Londonmetric Logistics landlord Londonmetric is understood to be in talks to buy LXI the owner of Alton Towers and Warwick Castle.
Londonmetric suffers £100m rates-fuelled blow to property portfolio value November 23, 2022 Londonmetric Property has emerged as the latest real estate investment trust to suffer an interest rates-fuelled hit to its portfolio. The portfolio, which still stands at £3.5bn, has shed £100m in value since March, as the company’s property and capital returns dwindle. Rising interest rates has eroded the value of several of the UK’s largest [...]
LondonMetric pivot towards city logistics and away from ‘big box’ retail pays off October 5, 2022 LondonMetric Property’s pivot towards city logistics spaces and away from “big box” retail parks has bolstered recent earnings and also netted the investment trust £111.4m in disposals cash. The real estate investment fund has undergone a shift into “well located long income assets” in the six months to 30 September, just as the urban logistics [...]
LondonMetric embarks on £26m shopping spree at Marks & Spencer June 2, 2015 LondonMetric said yesterday that it has snapped up a portfolio of five M&S Simply Food stores for £26m, as it boosts its exposure to the booming convenience market. The FTSE 250 retail and distribution warehouse speciality said the acquisitions come on top of a recent letting of 11,300 sq ft to M&S for 20 years [...]