LondonMetric Property: Difference between revisions
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| revenue ={{increase}} [[Pound sterling|£]]146.7 million (2023)<ref name=results>{{cite web|url=https://www.londonmetric.com/sites/london-metric/files/report-presentation/2023/london-metric-annual-report-2023.pdf|publisher=LondonMetric Property|title=Annual Report 2023|access-date=13 February 2024}}</ref> |
| revenue ={{increase}} [[Pound sterling|£]]146.7 million (2023)<ref name=results>{{cite web|url=https://www.londonmetric.com/sites/london-metric/files/report-presentation/2023/london-metric-annual-report-2023.pdf|publisher=LondonMetric Property|title=Annual Report 2023|access-date=13 February 2024}}</ref> |
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| operating_income ={{decrease}} [[Pound sterling|£]](473.6)million (2023)<ref name=results/> |
| operating_income ={{decrease}} [[Pound sterling|£]](473.6) million (2023)<ref name=results/> |
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| net_income ={{decrease}} [[Pound sterling|£]](507.6) million (2023)<ref name=results/> |
| net_income ={{decrease}} [[Pound sterling|£]](507.6) million (2023)<ref name=results/> |
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| num_employees = |
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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.<ref name=prospectus>[http://www.londonandstamford.com/files/page/11707/Prospectus_FINAL___21_Sept_2010.pdf London & Stamford Property: Prospectus] {{webarchive|url=https://web.archive.org/web/20120315224656/http://www.londonandstamford.com/files/page/11707/Prospectus_FINAL___21_Sept_2010.pdf |date=2012-03-15 }}</ref> It came to prominence when it acquired a significant stake in the Meadowhall Shopping Centre from [[British Land]] in February 2009.<ref>[https://www.telegraph.co.uk/finance/newsbysector/constructionandproperty/4571965/British-Land-sells-Meadowhall-to-property-magnate-Raymond-Mould.html British Land sells Meadowhall to property magnate Raymond Mould] Daily Telegraph, 9 February 2009</ref> It was first listed on the [[London Stock Exchange]] and became a [[REIT]] in October 2010.<ref>[http://www.propertyweek.com/news/news-by-sector/finance-and-recovery/london-and-stamford-property-becomes-a-reit/5006621.article London & Stamford Property becomes a REIT] Property Week, 1 October 2010</ref> |
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.<ref name=prospectus>[http://www.londonandstamford.com/files/page/11707/Prospectus_FINAL___21_Sept_2010.pdf London & Stamford Property: Prospectus] {{webarchive|url=https://web.archive.org/web/20120315224656/http://www.londonandstamford.com/files/page/11707/Prospectus_FINAL___21_Sept_2010.pdf |date=2012-03-15 }}</ref> It came to prominence when it acquired a significant stake in the Meadowhall Shopping Centre from [[British Land]] in February 2009.<ref>[https://www.telegraph.co.uk/finance/newsbysector/constructionandproperty/4571965/British-Land-sells-Meadowhall-to-property-magnate-Raymond-Mould.html British Land sells Meadowhall to property magnate Raymond Mould] Daily Telegraph, 9 February 2009</ref> It was first listed on the [[London Stock Exchange]] and became a [[REIT]] in October 2010.<ref>[http://www.propertyweek.com/news/news-by-sector/finance-and-recovery/london-and-stamford-property-becomes-a-reit/5006621.article London & Stamford Property becomes a REIT] Property Week, 1 October 2010</ref> |
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In January 2013 |
In January 2013, the company merged with Metric Property Investments to form LondonMetric Property.<ref>{{cite news|url=https://www.reuters.com/article/londonstamford-metric-idUKL5E8M92IO20121109|title=UK developer London & Stamford makes offer for Metric|date=9 November 2012|newspaper=Reuters|access-date=30 April 2023}}</ref> |
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In January 2024, it was confirmed that LondonMetric Property would acquire [[LXi REIT]] in a deal worth £1.9 billion (US$2.43 billion).<ref>{{cite news|url=https://www.reuters.com/markets/deals/uks-londonmetric-buy-lxi-reit-24-bln-deal-2024-01-11/|title=UK's LondonMetric to buy LXI REIT in $2.4 bln deal|date=11 January 2024|newspaper=Reuters|access-date=29 February 2024}}</ref> |
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==Operations== |
==Operations== |
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[[File:Fleet Place.jpg|thumb|250px|Fleet Place in London]] |
[[File:Fleet Place.jpg|thumb|250px|Fleet Place in London]] |
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The company has circa 100 property investments, all located in the UK.<ref>{{cite web|url=http://londonmetric.com/our-properties/london-economic-area.aspx|title=Office|work=londonmetric.com|access-date=30 March 2015}}</ref> The company's investment properties were valued at £ |
The company has circa 100 property investments, all located in the UK.<ref>{{cite web|url=http://londonmetric.com/our-properties/london-economic-area.aspx|title=Office|work=londonmetric.com|access-date=30 March 2015}}</ref> The company's investment properties were valued at £2.9 billion as at 31 March 2023.<ref name=results/> |
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==References== |
==References== |
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Revision as of 23:19, 29 February 2024
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| Company type | Public |
|---|---|
| Industry | Property |
| Founded | 2007 |
| Headquarters | London, United Kingdom |
Key people | Patrick Vaughan, Chairman Andrew Jones, CEO |
| Revenue |  £146.7 million (2023)[1] |
 £(473.6) million (2023)[1] | |
| £(507.6) million (2023)[1] | |
| Website | londonmetric.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, 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
The company has circa 100 property investments, all located in the UK.[7] The company's investment properties were valued at £2.9 billion as at 31 March 2023.[1]
References
- ^ a b c d "Annual Report 2023" (PDF). LondonMetric Property. Retrieved 13 February 2024.
- ^ London & Stamford Property: Prospectus Archived 2012-03-15 at the Wayback Machine
- ^ British Land sells Meadowhall to property magnate Raymond Mould Daily Telegraph, 9 February 2009
- ^ London & Stamford Property becomes a REIT Property Week, 1 October 2010
- ^ "UK developer London & Stamford makes offer for Metric". Reuters. 9 November 2012. Retrieved 30 April 2023.
- ^ "UK's LondonMetric to buy LXI REIT in $2.4 bln deal". Reuters. 11 January 2024. Retrieved 29 February 2024.
- ^ "Office". londonmetric.com. Retrieved 30 March 2015.
