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 the company would acquire LXi REIT in a deal worth £1.9 billion (US$2.43 billion), and, in April 2025, it was confirmed that the company would buy Urban Logistics REIT in a deal worth £674 million.[7][8][9]
In January 2026, it was announced LondonMetric Property had acquired nine purpose-built Premier Inn hotels from Whitbread for £89 million. The properties were acquired through a sale and leaseback arrangement and let to Whitbread on new 30-year leases, increasing LondonMetric’s Premier Inn portfolio to 22 hotels.[10]
Operations
The company has about 572 property investments, all located in the UK. The company's investment properties were valued at £6.4 billion as of 31 March 2025.[2]
External links
References
- Board of Directors LondonMetric Property, retrieved 12 December 2024^
- Annual Report 2025 LondonMetric Property, retrieved 27 January 2026^
- Prospectus London & Stamford Property^
- British Land sells Meadowhall to property magnate Raymond Mould Daily Telegraph, 9 February 2009, retrieved 12 December 2024^
- London & Stamford Property becomes a REIT Property Week, 1 October 2010, retrieved 12 December 2024^
- UK developer London & Stamford makes offer for Metric Reuters, 9 November 2012, retrieved 30 April 2023^
- LondonMetric tables £674m bid for Urban Logistics REIT Portfolio Adviser, 15 April 2025, retrieved 20 June 2025^
- Urban Logistics snapped up by LondonMetric as M&A boom continues Shares Magazine, 9 May 2025, retrieved 20 June 2025^
- UK's LondonMetric to buy LXI REIT in $2.4 bln deal Reuters, 11 January 2024, retrieved 29 February 2024^
- Afroze Zaidi. LondonMetric acquires more Premier Inn Hotel sites for £89m West Midlands, 2026-01-13, retrieved 2026-01-13^