LondonMetric Announces Recommended Offer for Urban Logistics REIT
The real estate investment trust announces a recommended cash and share offer to acquire the entire issued share capital of Urban Logistics REIT.
The real estate investment trust announces a recommended cash and share offer to acquire the entire issued share capital of Urban Logistics REIT.
The wife of a LondonMetric director has increased her shareholding in the FTSE 250 REIT through a series of share acquisitions.
The retailer's Non-Executive Director has increased their shareholding in the company through the re-investment of dividends.
The real estate investment trust confirms it has submitted a non-binding, indicative proposal to acquire Urban Logistics REIT, subject to certain pre-conditions.
The prominent REIT has acquired a new logistics warehouse leased to M&S for £74 million, providing long-term, recurring income.
The major REIT has sold £40 million of mature and non-core urban warehousing, reflecting a NIY of 4.3%. The sales were in line with book values and delivered strong unlevered returns.
The prominent real estate investment trust LondonMetric has announced plans to acquire Highcroft Investments in an all-share deal. The transaction is expected to be earnings accretive for the combined group.
The real estate investment trust has been assigned a BBB+ investment grade credit rating by Fitch Ratings, giving it more financing flexibility.
The major REIT has announced a change in director shareholdings, with a company closely associated with two non-executive directors selling a portion of its stake.
The major shareholder BlackRock has increased its stake in the real estate investment trust LondonMetric Property.