By Duncan Ferris
Date: Monday 14 Oct 2019
LONDON (ShareCast) - (Sharecast News) - LondonMetric on Monday said it had sold two properties for a total of £11.6m, with both sales representing material premiums to the properties' book value.
The real estate investor sold a 21,000 square foot office in Leicester for £5.7m at a net initial yield (NIY) of 6.0% and 84,000 square foot Doncaster distribution warehouse for £5.9m at a NIY of 7.0%.
The Leicester building had come with through the £415m purchase of Mucklow in May. LondonMetric added that discussions are ongoing for more disposals from its office portfolio.
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Currency | UK Pounds |
Share Price | 194.50p |
Change Today | -0.40p |
% Change | -0.21 % |
52 Week High | 210.20p |
52 Week Low | 156.40p |
Volume | 2,178,605 |
Shares Issued | 2,040.57m |
Market Cap | £3,968.90m |
Value |
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Price Trend |
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Income |
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Growth |
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Strong Buy | 4 |
Buy | 4 |
Neutral | 5 |
Sell | 0 |
Strong Sell | 0 |
Total | 13 |
Latest | Previous | |
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4th Interim | 3rd Interim | |
Ex-Div | 13-Jun-24 | 29-Feb-24 |
Paid | 22-Jul-24 | 08-Apr-24 |
Amount | 3.00p | 2.40p |
Time | Volume / Share Price |
16:35 | 20 @ 194.50p |
16:35 | 9,279 @ 194.50p |
16:35 | 9,593 @ 194.50p |
16:35 | 1,050,260 @ 194.50p |
16:35 | 6,870 @ 194.50p |
Finance Director | Martin McGann |
CEO | Andrew Jones |
Chair | Alistair Elliott |
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