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.
 | |
| Company type | Public |
|---|---|
| Industry | Property |
| Founded | 2007 |
| Headquarters | London, England, UK |
Key people | Patrick Vaughan, Chairman Andrew Jones, CEO |
| Revenue |  £178.1 million (2024)[1] |
| £161.3 million (2024)[1] | |
| £119.9 million (2024)[1] | |
| Website | londonmetric |
History
editThe 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
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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.[1]
References
edit- ^ a b c d "Annual Report 2024" (PDF). LondonMetric Property. Retrieved 20 August 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.
External links
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