 | |
| Company type | Public |
|---|---|
| Industry | Property |
| Founded | 2007 |
| Headquarters | London, United Kingdom |
Key people | Patrick Vaughan,
Chairman Andrew Jones, CEO |
| Revenue | 
£146.7 million (2023)
[1] |
£(473.6) million (2023)
[1] | |
|
£(507.6) million (2023)
[1] | |
| Website | londonmetric.com |
LondonMetric Property plc is a British property company. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 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. [2] It came to prominence when it acquired a significant stake in the Meadowhall Shopping Centre from British Land in February 2009. [3] It was first listed on the London Stock Exchange and became a REIT in October 2010. [4]
In January 2013, the company merged with Metric Property Investments to form LondonMetric Property. [5]
In January 2024, it was confirmed that LondonMetric Property would acquire LXi REIT in a deal worth £1.9 billion (US$2.43 billion). [6]
Operations
The company has circa 100 property investments, all located in the UK. [7] The company's investment properties were valued at £2.9 billion as at 31 March 2023. [1]
References
- ^ a b c d "Annual Report 2023" (PDF). LondonMetric Property. Retrieved 13 February 2024.
- ^ London & Stamford Property: Prospectus Archived 2012-03-15 at the Wayback Machine
- ^ British Land sells Meadowhall to property magnate Raymond Mould Daily Telegraph, 9 February 2009
- ^ London & Stamford Property becomes a REIT Property Week, 1 October 2010
- ^ "UK developer London & Stamford makes offer for Metric". Reuters. 9 November 2012. Retrieved 30 April 2023.
- ^ "UK's LondonMetric to buy LXI REIT in $2.4 bln deal". Reuters. 11 January 2024. Retrieved 29 February 2024.
- ^ "Office". londonmetric.com. Retrieved 30 March 2015.
