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Mar 08 2010

Metric Property Investments plc ("Metric" or the "Company"), a UK-incorporated specialist retail property investment company, today announces its initial public offering ("IPO"). Headed by its Chief Executive Andrew Jones, the Company - which is both newly established and internally managed - has one of the most experienced UK retail property executive management teams and has a highly qualified independent team of Non-executive Directors.

The Company today announces its intention to proceed with a Placing and Offer for Subscription of Ordinary Shares in the Company (the "Issue") and its application for admission to trading on the main market of the London Stock Exchange (the "LSE") ("Admission").  Metric is targeting raising gross proceeds of approximately £150 million.

The full article can be found in the attached file.

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