LondonMetric Property

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.

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[1]
Revenue	£178.1 million (2024)[2]
Operating income	£161.3 million (2024)[2]
Net income	£119.9 million (2024)[2]
Website	londonmetric.com

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]

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]