LondonMetric Property
British property company
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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.
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]