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LondonMetric Property

British property company From Wikipedia, the free encyclopedia

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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.

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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]

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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

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