LondonMetric Property

LondonMetric Property plc
Company typePublic
IndustryProperty
Founded2007
HeadquartersLondon, England, UK
Key people
Alistair Elliott, Chairman
Andrew Jones, CEO[1]
RevenueIncrease £178.1 million (2024)[2]
Increase £161.3 million (2024)[2]
Increase £119.9 million (2024)[2]
Websitelondonmetric.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.[3] It acquired a significant stake in the Meadowhall Shopping Centre from British Land in February 2009.[4] It was first listed on the London Stock Exchange and became a REIT in October 2010.[5]

In January 2013, the company merged with Metric Property Investments to form LondonMetric Property.[6]

In January 2024, it was confirmed that LondonMetric Property would acquire LXi REIT in a deal worth £1.9 billion (US$2.43 billion).[7]

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.[2]

References

  1. ^ "Board of Directors". LondonMetric Property. Retrieved 12 December 2024.
  2. ^ a b c d "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.