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LondonMetric Property plc

Company type	Public
Traded as	LSE: LMP FTSE 100 component
Industry	Property
Founded	2007
Headquarters	London, England, UK
Key people	Alistair Elliott, Chairman Andrew Jones, CEO
Revenue	£178.1 million (2024)
Operating income	£161.3 million (2024)
Net income	£119.9 million (2024)
Website	londonmetric.com

LondonMetric Property plc is a British property company based in London, England. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.

History

The company was established by Raymond Mould and Patrick Vaughan in October 2007 as London & Stamford Property plc and admitted to the Alternative Investment Market in November 2007. It acquired a significant stake in the Meadowhall Shopping Centre from British Land in February 2009. It was first listed on the London Stock Exchange and became a REIT in October 2010.

In January 2013, the company merged with Metric Property Investments to form LondonMetric Property.

In January 2024, it was confirmed that LondonMetric Property would acquire LXi REIT in a deal worth £1.9 billion (US$2.43 billion).

Operations

The company has about 572 property investments, all located in the UK. The company's investment properties were valued at £6.2 billion as of 31 March 2024.

References

1. "Board of Directors". LondonMetric Property. Retrieved 12 December 2024.
2. ^ "Annual Report 2024" (PDF). LondonMetric Property. Retrieved 20 August 2024.
3. "Prospectus" (PDF). London & Stamford Property. Archived from the original (PDF) on 15 March 2012.
4. "British Land sells Meadowhall to property magnate Raymond Mould". Daily Telegraph. 9 February 2009. Retrieved 12 December 2024.
5. "London & Stamford Property becomes a REIT". Property Week. 1 October 2010. Retrieved 12 December 2024.
6. "UK developer London & Stamford makes offer for Metric". Reuters. 9 November 2012. Retrieved 30 April 2023.
7. "UK's LondonMetric to buy LXI REIT in $2.4 bln deal". Reuters. 11 January 2024. Retrieved 29 February 2024.

External links

• Official Website

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