# LONDONMETRIC PROPERTY PLC

Summary updated: 2026-10-04T14:51:04.635776Z
Canonical: https://finbar.com/research/companies/londonmetric-property-plc

## Overview

LondonMetric Property Plc is a UK-focused real estate investment trust that invests in and manages income-producing property. Its portfolio is centred on logistics and long-income assets, including warehouses, convenience retail, leisure, healthcare and education properties; the company describes its purpose as being the UK’s most enduring real estate partner, delivering dependable income. [1](https://app.finbar.com/go?id=P122588762)[2](https://app.finbar.com/go?id=P122588885)[3](https://app.finbar.com/go?id=T14140646)[4](https://www.londonmetric.com/)

For the year ended 31 March 2026, the portfolio was valued at approximately £7.6 billion and generated £455.3 million in net rental income; it covered 36.7 million square feet. [3](https://app.finbar.com/go?id=T14140646)[5](https://app.finbar.com/go?id=T14140380) The company’s website lists 54 employees. [6](https://www.londonmetric.com/about-us/our-people)
[1](https://app.finbar.com/go?id=P122588762)[2](https://app.finbar.com/go?id=P122588885)[3](https://app.finbar.com/go?id=T14140646)[5](https://app.finbar.com/go?id=T14140380)[4](https://www.londonmetric.com/)[6](https://www.londonmetric.com/about-us/our-people)

## Products & services

LondonMetric’s products are income-producing commercial properties, leased to occupiers. At 31 March 2026, the portfolio by property value comprised logistics (52.8%), convenience (13.8%), entertainment and leisure (20.2%), healthcare and education (12.1%), and other assets (1.1%); these are valuation shares, not revenue or rent shares. [7](https://app.finbar.com/go?id=T14140306)

Its logistics assets include urban, regional and mega-distribution warehouses. Convenience and retail properties include food stores, long-lease net-lease retail units and roadside drive-thrus; examples of drive-thru occupiers include Costa, McDonald’s and Starbucks. Leisure and hospitality assets include theme parks, budget hotels, pubs, cinemas, garden centres and an arena. Healthcare and education properties include private hospitals, care homes, nurseries and adventure centres, as well as a student asset. [8](https://app.finbar.com/go?id=T14140293)[9](https://app.finbar.com/go?id=P122588831)[10](https://app.finbar.com/go?id=P122588897)[11](https://app.finbar.com/go?id=P122593853)[12](https://app.finbar.com/go?id=P122593843)[13](https://app.finbar.com/go?id=P122588892)[14](https://app.finbar.com/go?id=T14140375)

The company’s activities include leasing and active asset management, including occupier initiatives. At portfolio level, 60% of assets had EPC ratings of A–B and 92% had A–C at FY2026 year-end; installed solar photovoltaic capacity was 11.9 MWp, with a 4.9 MWp project pipeline. [15](https://app.finbar.com/go?id=P122588956)[16](https://app.finbar.com/go?id=P122588992)[17](https://app.finbar.com/go?id=P122588997)
[7](https://app.finbar.com/go?id=T14140306)[8](https://app.finbar.com/go?id=T14140293)[9](https://app.finbar.com/go?id=P122588831)[10](https://app.finbar.com/go?id=P122588897)[11](https://app.finbar.com/go?id=P122593853)[12](https://app.finbar.com/go?id=P122593843)[13](https://app.finbar.com/go?id=P122588892)[14](https://app.finbar.com/go?id=T14140375)[15](https://app.finbar.com/go?id=P122588956)[16](https://app.finbar.com/go?id=P122588992)[17](https://app.finbar.com/go?id=P122588997)

## Geographic presence

In FY2026, LondonMetric Property plc’s portfolio was predominantly located in the UK, with a small German component. By portfolio value, London and the South East accounted for 40.5%, the Midlands 23.7%, the North West 10.4%, the North East and Yorkshire 8.6%, the South West 6.6%, and the East of England 4.6%; Scotland, Wales and Northern Ireland together accounted for 3.8%, while Germany represented 1.8%. London and the South East plus the Midlands therefore made up 64.2% of portfolio value. [18](https://app.finbar.com/go?id=P122588873) The German exposure included Heide Park theme park. [13](https://app.finbar.com/go?id=P122588892)

For urban logistics, 47% of rent was located in London and the South East and 25% in the Midlands. [19](https://app.finbar.com/go?id=P122588878) The company’s registered office is in London, at One Curzon Street; the annual report gives differing postcodes (W1J 6HB and W1J 5HB), while the company’s contacts page lists W1J 5HB. [20](https://app.finbar.com/go?id=P122589538)[21](https://app.finbar.com/go?id=P122589774) The FY2026 materials do not provide a geographic breakdown of employees or offices.
[18](https://app.finbar.com/go?id=P122588873)[13](https://app.finbar.com/go?id=P122588892)[19](https://app.finbar.com/go?id=P122588878)[20](https://app.finbar.com/go?id=P122589538)[21](https://app.finbar.com/go?id=P122589774)[22](https://www.londonmetric.com/~/media/Files/l/londonmetric/results-and-presentations/presentation/annual-report-and-accounts-2026.pdf)[23](https://www.londonmetric.com/contacts)

## Business segments

For the year ended 31 March 2026, LondonMetric Property plc reported two operating segments: Logistics and Long income. Logistics covers urban logistics, regional distribution and mega distribution; Long income covers convenience, entertainment & leisure, and healthcare & education. These subcategories are portfolio classifications, not separate operating segments. [24](https://app.finbar.com/go?id=P122589681)

By property portfolio value, Logistics represented approximately 52.8% (£4,023.7m) and Long income 46.1% (£3,515.9m); the remaining 1.1% (£81.0m) was classified as Other. Within Logistics, urban logistics was 38.1% of the total portfolio, regional distribution 10.5%, and mega distribution 4.2%. Within Long income, entertainment & leisure represented 20.2%, convenience 13.8%, and healthcare & education 12.1%. Other included a retail park, four offices, a life-science asset and trading property. [7](https://app.finbar.com/go?id=T14140306)[25](https://app.finbar.com/go?id=P122589675)

As a complementary view, gross rental income was approximately 45.3% Logistics (£209.0m), 53.3% Long income (£246.2m), and 1.4% Other (£6.5m) in FY26. These are approximate shares calculated from reported gross rental income; the company identifies net rental income as its principal measure of segment performance. [26](https://app.finbar.com/go?id=T14140320)[27](https://app.finbar.com/go?id=P122589680)
[24](https://app.finbar.com/go?id=P122589681)[7](https://app.finbar.com/go?id=T14140306)[25](https://app.finbar.com/go?id=P122589675)[26](https://app.finbar.com/go?id=T14140320)[27](https://app.finbar.com/go?id=P122589680)

## Company history

LondonMetric’s history brings together two property businesses. London & Stamford Property Limited was founded in 2007 by Raymond Mould, Patrick Vaughan and Humphrey Price, and floated on AIM that November. Metric Property Investments was established separately in 2010, co-founded by Andrew Jones, and completed its IPO in March of that year. The legal entity that became today’s LondonMetric was incorporated in January 2010 as London & Stamford Property Plc. [28](https://www.londonmetric.com/~/media/Files/L/londonmetric/results-and-presentations/report/Londonstamford-lseadmissionprospectus-21-sep-10.pdf)[29](https://www.estatesgazette.co.uk/news/london-stamford-property-launches-on-aim/)[30](https://www.estatesgazette.co.uk/news/andrew-jones-s-metric-begins-trading-on-the-stock-exchange/)[31](https://find-and-update.company-information.service.gov.uk/company/07124797)

In January 2013, London & Stamford and Metric combined in an all-share merger. London & Stamford changed its name to LondonMetric Property Plc, and the combined company began trading on the London Stock Exchange Main Market. Andrew Jones became chief executive, while Patrick Vaughan chaired the combined company. The merger established LondonMetric as a larger property group, with a portfolio reported at about £1.2bn in its first full-year results. [32](https://www.londonmetric.com/news-and-media/press-release/archive/london-stamford-and-metric-announce-capital-reduction-approved-and-scheme-arrangement-becomes)[33](https://www.londonmetric.com/~/media/Files/L/londonmetric/press-release/Full-year-2013-press-release-a.pdf)

Over the following years, the company shifted its portfolio toward distribution and logistics, selling London offices and residential assets as it expanded its distribution holdings. It acquired A&J Mucklow in 2019, increasing its urban-logistics exposure, followed by acquisitions of CT Property Trust in 2023 and the merger with LXi REIT in 2024. In 2025, it completed the acquisition of Urban Logistics REIT, a further major expansion of its logistics portfolio. [34](https://www.londonmetric.com/about-us/our-history)[35](https://www.londonmetric.com/news-and-media/press-release/archive/announcement-recommended-offer-aj-mucklow-group-plc)[36](https://www.londonmetric.com/news-and-media/press-release/2023/announcement-completion-ct-property-trust-acquisition-londonmetric)[37](https://www.londonmetric.com/news-and-media/press-release/2024/completion-merger-admission-shares-and-company-update)[38](https://www.londonmetric.com/investors/acquisition-urban-logistics-reit)
[28](https://www.londonmetric.com/~/media/Files/L/londonmetric/results-and-presentations/report/Londonstamford-lseadmissionprospectus-21-sep-10.pdf)[29](https://www.estatesgazette.co.uk/news/london-stamford-property-launches-on-aim/)[30](https://www.estatesgazette.co.uk/news/andrew-jones-s-metric-begins-trading-on-the-stock-exchange/)[31](https://find-and-update.company-information.service.gov.uk/company/07124797)[32](https://www.londonmetric.com/news-and-media/press-release/archive/london-stamford-and-metric-announce-capital-reduction-approved-and-scheme-arrangement-becomes)[33](https://www.londonmetric.com/~/media/Files/L/londonmetric/press-release/Full-year-2013-press-release-a.pdf)[34](https://www.londonmetric.com/about-us/our-history)[35](https://www.londonmetric.com/news-and-media/press-release/archive/announcement-recommended-offer-aj-mucklow-group-plc)[36](https://www.londonmetric.com/news-and-media/press-release/2023/announcement-completion-ct-property-trust-acquisition-londonmetric)[37](https://www.londonmetric.com/news-and-media/press-release/2024/completion-merger-admission-shares-and-company-update)[38](https://www.londonmetric.com/investors/acquisition-urban-logistics-reit)

## Sources

1. [LONDONMETRIC PROPERTY PLC — Full financial report (2026 Y), p3](https://app.finbar.com/go?id=P122588762)
2. [LONDONMETRIC PROPERTY PLC — Full financial report (2026 Y), p11](https://app.finbar.com/go?id=P122588885)
3. [LONDONMETRIC PROPERTY PLC — Presentation (2026 Y), p20](https://app.finbar.com/go?id=T14140646)
4. [www.londonmetric.com](https://www.londonmetric.com/)
5. [LONDONMETRIC PROPERTY PLC — Press release (2026 Y), p1](https://app.finbar.com/go?id=T14140380)
6. [www.londonmetric.com](https://www.londonmetric.com/about-us/our-people)
7. [LONDONMETRIC PROPERTY PLC — Full financial report (2026 Y), p23](https://app.finbar.com/go?id=T14140306)
8. [LONDONMETRIC PROPERTY PLC — Full financial report (2026 Y), p11](https://app.finbar.com/go?id=T14140293)
9. [LONDONMETRIC PROPERTY PLC — Full financial report (2026 Y), p7](https://app.finbar.com/go?id=P122588831)
10. [LONDONMETRIC PROPERTY PLC — Full financial report (2026 Y), p12](https://app.finbar.com/go?id=P122588897)
11. [LONDONMETRIC PROPERTY PLC — Presentation (2026 Y), p22](https://app.finbar.com/go?id=P122593853)
12. [LONDONMETRIC PROPERTY PLC — Presentation (2026 Y), p22](https://app.finbar.com/go?id=P122593843)
13. [LONDONMETRIC PROPERTY PLC — Full financial report (2026 Y), p12](https://app.finbar.com/go?id=P122588892)
14. [LONDONMETRIC PROPERTY PLC — Full financial report (2026 Y), p77](https://app.finbar.com/go?id=T14140375)
15. [LONDONMETRIC PROPERTY PLC — Full financial report (2026 Y), p14](https://app.finbar.com/go?id=P122588956)
16. [LONDONMETRIC PROPERTY PLC — Full financial report (2026 Y), p16](https://app.finbar.com/go?id=P122588992)
17. [LONDONMETRIC PROPERTY PLC — Full financial report (2026 Y), p16](https://app.finbar.com/go?id=P122588997)
18. [LONDONMETRIC PROPERTY PLC — Full financial report (2026 Y), p10](https://app.finbar.com/go?id=P122588873)
19. [LONDONMETRIC PROPERTY PLC — Full financial report (2026 Y), p11](https://app.finbar.com/go?id=P122588878)
20. [LONDONMETRIC PROPERTY PLC — Full financial report (2026 Y), p46](https://app.finbar.com/go?id=P122589538)
21. [LONDONMETRIC PROPERTY PLC — Full financial report (2026 Y), p60](https://app.finbar.com/go?id=P122589774)
22. [www.londonmetric.com](https://www.londonmetric.com/~/media/Files/l/londonmetric/results-and-presentations/presentation/annual-report-and-accounts-2026.pdf)
23. [www.londonmetric.com](https://www.londonmetric.com/contacts)
24. [LONDONMETRIC PROPERTY PLC — Full financial report (2026 Y), p52](https://app.finbar.com/go?id=P122589681)
25. [LONDONMETRIC PROPERTY PLC — Full financial report (2026 Y), p52](https://app.finbar.com/go?id=P122589675)
26. [LONDONMETRIC PROPERTY PLC — Full financial report (2026 Y), p52](https://app.finbar.com/go?id=T14140320)
27. [LONDONMETRIC PROPERTY PLC — Full financial report (2026 Y), p52](https://app.finbar.com/go?id=P122589680)
28. [www.londonmetric.com](https://www.londonmetric.com/~/media/Files/L/londonmetric/results-and-presentations/report/Londonstamford-lseadmissionprospectus-21-sep-10.pdf)
29. [www.estatesgazette.co.uk](https://www.estatesgazette.co.uk/news/london-stamford-property-launches-on-aim/)
30. [www.estatesgazette.co.uk](https://www.estatesgazette.co.uk/news/andrew-jones-s-metric-begins-trading-on-the-stock-exchange/)
31. [find-and-update.company-information.service.gov.uk](https://find-and-update.company-information.service.gov.uk/company/07124797)
32. [www.londonmetric.com](https://www.londonmetric.com/news-and-media/press-release/archive/london-stamford-and-metric-announce-capital-reduction-approved-and-scheme-arrangement-becomes)
33. [www.londonmetric.com](https://www.londonmetric.com/~/media/Files/L/londonmetric/press-release/Full-year-2013-press-release-a.pdf)
34. [www.londonmetric.com](https://www.londonmetric.com/about-us/our-history)
35. [www.londonmetric.com](https://www.londonmetric.com/news-and-media/press-release/archive/announcement-recommended-offer-aj-mucklow-group-plc)
36. [www.londonmetric.com](https://www.londonmetric.com/news-and-media/press-release/2023/announcement-completion-ct-property-trust-acquisition-londonmetric)
37. [www.londonmetric.com](https://www.londonmetric.com/news-and-media/press-release/2024/completion-merger-admission-shares-and-company-update)
38. [www.londonmetric.com](https://www.londonmetric.com/investors/acquisition-urban-logistics-reit)

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