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Property News, Press Releases CEO Articles & RNS
MIPP Acquires its Third Asset in Orpington for £6.25 million
Metric announces that MIPP, the £150 million joint venture with USS, has contracted a sale-and-leaseback transaction with Carpetright plc on their 48,300 sq ft retail unit in Sevenoaks Way, Orpington for £6.25 million. The purch...
Metric Property Announces Half Year Results to September 2011
Metric announces EPRA NAV per share of 104p,EPRA EPS of 2.1p and DPS of 1.0p was declared to be paid on 21 December 2011. Total property return for the period was 5.7% outperforming the IPD All Retail Quarterly Universe return of 3.3%. Valuati...
Metric Launches £150 million Joint Venture with USS
Metric has created a £150 million joint venture with USS known as Metric Income Plus Partnership (MIPP) whose objective is to acquire small, higher yielding, income focussed retail parks and solus units ranging in value from £2 millio...
Metric Acquires Pierpoint Retail Park, King's Lynn for £15.1 million
Metric has acquired Pierpoint Retail Park, King's Lynn from Black Pearl Investments for £15.1 million (net of acquisition costs), reflecting a net initial yield of 6.3%. The average passing rent on the scheme is £15.20 psf, with ex...
Metric Property Interim Management Statement Q1-12
Metric today announces its interim management statement for the period from 1 April 2011 to 6 July 2011. We continue to make good progress successfully growing the property portfolio through new acquisitions, and increasing our rental income t...
