LondonMetric Property Plc has announced, on behalf of its DFS joint venture 'Joint Venture', the sale of its DFS property in Enfield for £24.5 million to a large UK institution, crystallising a profit on cost of 19% and a geared IRR of 30%. The... Read More
LondonMetric Property Plc has announced today the disposal of two of its retail parks, Westcroft in Milton Keynes for £27.2 million and Mountbatten in Southampton for £16.2 million, to large UK institutional investors, reflecting a blended net initial yield... Read More
LondonMetric has exchanged conditional contracts with CDP Ltd, the development arm of the Marshall Construction Group, for the purchase and forward funding of a new 524,000 sq ft retail distribution centre development in Wakefield for £39.4 million. The... Read More
LondonMetric has reported a 27 per cent leap in profits on the back of a strong portfolio performance in the year ended 31 March. The retail and distribution property specialist saw profits jump from the 2014 total of £125.3 million to a whopping... Read More
LondonMetric Property PLC has sold the 170,000 sq ft Travis Perkins distribution facility in Brackmills, Northamptonshire to CBRE Global Investors for £14.4 million. The facility was acquired in November 2013 for £9 million, with four months remaining on... Read More
LondonMetric Property PLC has acquired the 410,000 sq ft Eddie Stobart distribution facility in Dagenham from Meaalofa Developments Holdings Limited for £56.5 million. The 28 acre site is currently let to Eddie Stobart for seventeen years, with a rent of... Read More
Less than two years after it acquired a Buckinghamshire retail park as part of the "Saturn Portfolio" sell-off, out-of-town shopping and distribution investor LondonMetric Properties (LMP) has flipped the site in a £21.8m sale. Within hours it had... Read More
