Latest news with #LondonMetric
Times
21-05-2025
- Business
- Times
LondonMetric doubles portfolio on path to ‘dividend aristocracy'
One of the UK's largest listed landlords is 'on the path to dividend aristocracy' having increased its payouts to shareholders for the tenth consecutive year. A 'remarkable' 2024 resulted in LondonMetric Property doubling the size of its commercial real estate portfolio. Its acquisition of rivals over the past couple of years has propelled it into the FTSE 100. The biggest deal was its acquisition of LXi Reit last spring, which added £3 billion of property to LondonMetric's portfolio, including dozens of hotels, pubs, supermarkets and Warwick Castle. • LondonMetric agrees to buy Urban Logistics in £700m deal Its net rental income more than doubled to £390.6 million in the 12 months to the end of March, up from £175.3 million in the previous year. That
Business Mayor
13-05-2025
- Business
- Business Mayor
Europe's first active travel ETF launched
The first actively managed ETF in Europe devoted to the travel and tourism sector, TRIP utilises the Smart Beta 2.0 framework to capitalise on the latest trends in global travel. With a dynamic, rules-based strategy, the ETF recalibrates and rebalances quarterly while focusing on shifting fundamentals, price momentum and undervalued opportunities. It hones in on these across airlines, hotels, cruise lines, airports and travel services. LondonMetric agrees £698.9m deal to acquire Urban Logistics Frank Holmes, CEO and CIO of U.S. Global Investors and pioneer of Smart Beta 2.0, said: …
Yahoo
12-05-2025
- Business
- Yahoo
Man Group PLC : Form 8.3
FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORERule 8.3 of the Takeover Code (the 'Code') 1. KEY INFORMATION (a) Full name of discloser: Man Group PLC (b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named. (c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree LondonMetric Property plc (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: (e) Date position held/dealing undertaken: For an opening position disclosure, state the latest practicable date prior to the disclosure 09/05/2025 (f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state 'N/A' YES / NO / N/AOfferee: Urban Logistics REIT plc 2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security. (a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any) Class of relevant security: 10p ordinary Interests Short positions Number % Number % (1) Relevant securities owned and/or controlled: 15,761,017.00 0.77 (2) Cash-settled derivatives: 8,245,521.00 0.40 4,222,622.00 0.21 (3) Stock-settled derivatives (including options) and agreements to purchase/sell: TOTAL: 24,006,538.00 1.17 4,222,622.00 0.21 All interests and all short positions should be disclosed. Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions). (b) Rights to subscribe for new securities (including directors' and other employee options) Class of relevant security in relation to which subscription right exists: Details, including nature of the rights concerned and relevant percentages: 3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in. The currency of all prices and other monetary amounts should be stated. (a) Purchases and sales Class of relevant security Purchase/sale Number of securities Price per unit (b) Cash-settled derivative transactions Class of relevant security Product descriptione.g. CFD Nature of dealinge.g. opening/closing a long/short position, increasing/reducing a long/short position Number of reference securities Price per unit 10p ordinary Equity Swap Reducing a short position 1,100 1.929 GBP 10p ordinary Equity Swap Reducing a short position 47,100 1.929 GBP 10p ordinary Equity Swap Reducing a short position 6,100 1.929 GBP 10p ordinary Equity Swap Reducing a short position 3,700 1.929 GBP (c) Stock-settled derivative transactions (including options) (i) Writing, selling, purchasing or varying Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Typee.g. American, European etc. Expiry date Option money paid/ received per unit (ii) Exercise Class of relevant security Product descriptione.g. call option Exercising/ exercised against Number of securities Exercise price per unit (d) Other dealings (including subscribing for new securities) Class of relevant security Nature of dealinge.g. subscription, conversion Details Price per unit (if applicable) 4. OTHER INFORMATION (a) Indemnity and other dealing arrangements Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state 'none' None (b) Agreements, arrangements or understandings relating to options or derivatives Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:(i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:If there are no such agreements, arrangements or understandings, state 'none' None (c) Attachments Is a Supplemental Form 8 (Open Positions) attached? NODate of disclosure: 12/05/2025 Contact name: Mackenzie Terry Telephone number: +442071441555 Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service. The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129. The Code can be viewed on the Panel's website at
Time of India
10-05-2025
- Business
- Time of India
LondonMetric buys Urban Logistics for $925 million
BENGALURU: British property company LondonMetric is to buy Urban Logistics in a 698.9 million pound ($924.99 million) cash and stock deal, creating one of the country's largest property investment groups by market capitalisation. LondonMetric made its first proposal for Urban Logistics in April and raised the bid a week later. The final offer represents a 22.2% premium to Urban Logistics's closing share price on April 10, a day before the proposal was publicly confirmed. "The Urban Logistics consider the terms of the acquisition to be fair and reasonable," the company said in a statement. LondonMetric will be valued between four billion pounds and five billion pounds after the merger, solidifying its position among the top five largest UK-listed REITs. Currently, Segro holds the top position with a nearly 9 billion pound market cap, based on LSEG data. Real estate investment trusts or REITS own and also often operate income-producing real estate, including offices, apartment buildings and shopping centres. M&A activity in Britain has picked up in the last few months as investors returned to London markets, attracted by lower valuations and the government's efforts to ease regulations and boost investment. A bidding war for European logistics real estate firm Tritax EuroBox kicked off late last year, as Canada's Brookfield Asset Management and Segro rushed to buy the company, highlighting strong investor demand for logistics and warehouse assets. Under the deal, Urban Logistics shareholders will receive 0.5612 newly issued LondonMetric shares plus 42.8 pence in cash for each share held, valuing its stock at 150.3 pence apiece. Urban Logistics shares were up 3.7% at 151 pence in early trading, while LondonMetric was up marginally at 0.2%. Following completion, LondonMetric shareholders will hold about 89% of the combined company and Urban Logistics shareholders will hold about 11%.
Times
09-05-2025
- Business
- Times
LondonMetric eyes smaller rival as portfolio push continues
LondonMetric's roll-up of listed property companies looks set to continue after Urban Logistics confirmed it had been approached about a possible takeover. The board of Urban Logistics told shareholders on Friday afternoon that it had received a 'preliminary, indicative proposal … regarding a possible offer for the company' from LondonMetric, whose acquisition spree over the past couple of years has propelled it into the FTSE 100. LondonMetric, which said the deal would give shareholders exposure to 'a larger, more diverse portfolio' has built up £6 billion of investments including the land on which Alton Towers sits to Tesco supermarkets and a dozen or so private hospitals, from which it earns close to £350 million a year in rent. About half of its portfolio is warehouses,
