By Frank Prenesti
Date: Monday 08 Jan 2024
LONDON (ShareCast) - (Sharecast News) - LondonMetric Property said it had bought a warehouse in Doncaster for £21.2m which will be let to fashion retailer Next for 13 years.
The deal represented a net initial yield of 6.3%, the company said on Monday. Next will pay annual rent of £1.42m with fixed rental uplifts of 2.5%, increasing the purchase NIY to 7.1% within three years.
Separately, LondonMetric has sold an 18,000 sq ft office investment in Chiswick for £7.4m.
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Currency | UK Pounds |
Share Price | 202.80p |
Change Today | 4.00p |
% Change | 2.01 % |
52 Week High | 205.60 |
52 Week Low | 156.40 |
Volume | 5,103,274 |
Shares Issued | 2,040.57m |
Market Cap | £4,138.27m |
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 | 5 |
Neutral | 4 |
Sell | 0 |
Strong Sell | 0 |
Total | 13 |
Latest | Previous | |
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3rd Interim | 2nd Interim | |
Ex-Div | 29-Feb-24 | 30-Nov-23 |
Paid | 08-Apr-24 | 11-Jan-24 |
Amount | 2.40p | 2.40p |
Time | Volume / Share Price |
16:47 | 2,205 @ 202.80p |
16:35 | 29,583 @ 202.80p |
16:35 | 1,470,618 @ 202.80p |
16:35 | 4,557 @ 202.80p |
16:35 | 10,240 @ 202.80p |
Finance Director | Martin McGann |
CEO | Andrew Jones |
Chair | Alistair Elliott |
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