LondonMetric Property

(Redirected from London & Stamford 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 typePublic
IndustryProperty
Founded2007
HeadquartersLondon, England, UK
Key people
Patrick Vaughan, Chairman
Andrew Jones, CEO
RevenueIncrease £178.1 million (2024)[1]
Increase £161.3 million (2024)[1]
Increase £119.9 million (2024)[1]
Websitelondonmetric.com

History

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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

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Fleet Place in London

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

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  1. ^ a b c d "Annual Report 2024" (PDF). LondonMetric Property. Retrieved 20 August 2024.
  2. ^ London & Stamford Property: Prospectus Archived 2012-03-15 at the Wayback Machine
  3. ^ British Land sells Meadowhall to property magnate Raymond Mould Daily Telegraph, 9 February 2009
  4. ^ London & Stamford Property becomes a REIT Property Week, 1 October 2010
  5. ^ "UK developer London & Stamford makes offer for Metric". Reuters. 9 November 2012. Retrieved 30 April 2023.
  6. ^ "UK's LondonMetric to buy LXI REIT in $2.4 bln deal". Reuters. 11 January 2024. Retrieved 29 February 2024.
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