LondonMetric Property plc
TypePublic (LSELMP)
IndustryProperty
Founded2007
HeadquartersLondon, United Kingdom
Key people
Patrick Vaughan, Chairman
Andrew Jones, CEO
Revenue£85.6 million (2019)[1]
£142.0 million (2019)[1]
£119.7 million (2019)[1]
Websitelondonmetric.com

LondonMetric Property plc is a British property company. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 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.[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 it merged with Metric Property Investments to form LondonMetric Property.[5]

Operations

Fleet Place in London
Fleet Place in London

The Company has circa 100 property investments, all located in the UK.[6] The company's investment properties were valued at £1.8 billion as at 31 March 2019.[1]

References

  1. ^ a b c d "Annual Report 2019" (PDF). LondonMetric Property. Retrieved 3 March 2020.
  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. ^ London & Stamford and Metric Property Merge to Create Larger REIT Archived 2013-02-16 at the Wayback Machine Invezz, 9 November 2012
  6. ^ "Office". londonmetric.com. Retrieved 30 March 2015.