LondonMetric Property ( (GB:LMP) ) has shared an update.
LondonMetric Property PLC has announced a recommended all-share acquisition of Highcroft Investments PLC, a UK REIT with a portfolio focused on logistics and retail warehousing. The acquisition, valued at approximately £43.8 million, offers Highcroft shareholders a significant premium and the opportunity to remain invested in a larger, more liquid company with a strong track record of dividend growth. The acquisition is expected to be earnings accretive and provide Highcroft shareholders with benefits such as exposure to a diverse portfolio, better financing access, and a strong income profile.
More about LondonMetric Property
LondonMetric Property PLC operates in the real estate industry, focusing on owning and managing properties that meet occupiers’ demands and deliver reliable income-led returns. The company is known for its investment in logistics and retail warehousing sectors, aiming to outperform in the long term.
YTD Price Performance: 2.24%
Average Trading Volume: 5,723,474
Technical Sentiment Signal: Hold
Current Market Cap: £3.69B
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