We value strong relationships with our stakeholders​

Relationships with stakeholders across all of our activities are critical to our success. ​Our highly talented and motivated team seeks to maintain and build relationships with occupiers, developers, property agents, contractors, suppliers, local communities, investors, joint venture partners and lenders.

Building and nurturing relationships

Building and nurturing relationships​

450

Number of Occupiers

50

Number of Employees

344

Investor meetings in 2025

72

Charitable causes supported in 2025
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    Occupiers

    Occupiers

    Working closely with our​ occupiers to create high​ occupational contentment​

  • Investors

    Investors

    Strong relationships with our​ investors are critical to us​ accessing capital efficiently​

  • Contractors & Advisors

    Contractors & Advisors

    We rely on the support of a diverse group of contractors and advisors​

  • People

    People

    Our employees are​ critical to our success and​ delivering on our strategy​

  • Communities

    Communities

    Supporting local​ communities and charities​ is highly important to us​

We treat our occupiers as customers and put them at the centre of our decision making. Our occupier-led approach provides us with market knowledge to better understand future trends and make informed decisions. Our high occupancy rate, strong rent collection and customer satisfaction scores demonstrate the strength of these relationships.

Extending existing relationships and developing new contacts continue to be a key focus for us. Our customer focused approach reflects our differentiated proposition where we are approachable and actively engage, strive to listen and fully understand occupier requirements and create solutions that are mutually beneficial. We make quick decisions, act swiftly and deliver on our promises.

99 %

Portfolio occupancy

9.0 /10.0

Landlord recommendation score

A strong emphasis is placed on maintaining relationships with our shareholders. Understanding their thoughts and insight is fundamental to shaping our strategic direction and ensuring alignment with long-term value creation. Engagement is led by our Chief Executive and Chief Financial Officer, supported by our Head of Investor Relations and Sustainability, through regular meetings, particularly around our financial results. We pro-actively engage with our large base of private wealth and retail shareholders who represent over 30% of our shareholder register.​

We continue to enjoy good relationships across the debt capital markets and are broadening our base of debt providers, particularly as we look to benefit from our new credit rating. In addition, we maintain strong relations with our joint venture partners.

344

equity investors met in last year​

£ 525 m

debt facilities arranged in last year

Relationships with our contractors and wider advisers allow us to deliver on high-quality developments and refurbishments, manage our properties, successfully acquire and dispose of assets and access capital markets.​

On development and refurbishments, we work closely with our external project managers and select experienced contractors with strong track records. Collaboration is key and we stay closely involved throughout our projects. We set clear expectations through our Responsible Development Requirements (“RDR”) checklist, which outlines minimum standards for environmental impact, health and safety, and responsible sourcing. We actively challenge our partners to consider local sourcing, biodiversity and the wider community.​

12  days

Average payment times for our suppliers​

100 %

Contractor compliance with our RDR checklist last year

Our people are central to our success. Their expertise and relationships underpin our ability to deliver across investment, development, asset management and finance. We place great importance on our culture and focus on empowerment, inclusion and collaboration.

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96 %

staff enjoy working at LondonMetric​

50

employees

We recognise the importance of supporting our local communities and engaging with all local stakeholders. We have a published Community Policy which outlines our approach and we consider the economic benefit to local communities from our acitvities through investment, job creation and opportunities as well as charitable support.​

Our charities and Charity and Communities Working Group implements charity giving and co-ordinates community involvement. Each year, we aim to allocate £180k for charitable giving across three key areas: 1) Specific causes identified at a corporate level; 2) Charities identified by employees, with all employees able to nominate charities of their choice or allocate funds to match their own charitable activity; and 3) Occupier or asset related giving, supporting causes in conjunction with occupiers or near our assets.​

72

community initiatives last year​

£ 159 k

of charitable giving in the year​

Quote from key occupier

"Always genuinely positive, collaborative and pragmatic conversations - a true partner landlord and tenant relationship.” ​

Feedback from DFS

(as part of last year’s occupier survey)​

Background for quote

Our key occupiers

Case studies

Explore our work with our partners

Alt for Forward Funded M&S development ​

Case study

Forward Funded M&S development

High quality forward funded development let on a very long lease to M&S​

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Alt for Forward Funded M&S development ​

£ 74 m

Funding commitment

390 k sq ft

Regional warehouse

20

Year lease​

In April 2025, LondonMetric acquired a new regional warehouse forward funding development pre-let for 20 years to M&S for £74 million, reflecting a 5.65% NIY with CPI linked rent reviews. The highly specified warehouse will be a key facility for M&S's food distribution business and incorporates chilled, ambient and frozen product.

The BREEAM Excellent building is expected to complete in summer 2026 and LondonMetric will receive a funding coupon of 5.5% during the development.​

“This is a high quality development let on a very long lease to one of the UK's strongest retailers. It will deliver income longevity, certainty and guaranteed growth. It further extends our relationship with M&S and adds another exceptional building to LondonMetric’s portfolio.”

Mark Stirling,

Asset Director​

Alt for Portfolio acquisition​

Case study

Portfolio acquisition​

Rare opportunity to acquire a high quality and well-located portfolio, mission critical to occupiers​

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Alt for Logistics development at Bedford​

£ 78 m

Acquisition value​

526 k sq ft

Across six assets​

£ 5 m pa

Income

In September 2024, LondonMetric acquired a portfolio of six urban logistics assets for £78 million at a NIY of 5.8%. The assets total 526,000 sq ft, are located in Stafford, Banbury, Romford, Southampton, Bristol and Aberdeen and let to strong occupiers including General Electric, Thales, EVRI, Macarthys Laboratories and KCA Deutag, with a WAULT of 10 years.​​

The portfolio is expected to see material income growth over the next few years through open market and inflation linked rent reviews.

“This was a very rare opportunity to acquire, off market, a high quality portfolio which is immediately earnings accretive. The well located, mission critical assets, offer an attractive mix of near-term income growth and value-enhancing asset management opportunities.”

Valentine Beresford,

Investment Director​

Logistics development at Bedford​

Case study

Logistics development at Bedford​

A high-quality sustainable logistics park, let to strong and growing businesses

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Alt for Portfolio acquisition​

£ 70 m

Build cost

715 k sq ft

Across five assets​

£ 6 m pa

Income

Bedford Link is LondonMetric’s flagship logistics asset which it developed in three phases and completed in 2024 for a total cost of c.£70 million reflecting a yield on cost of c7.5%.​

The asset is very well located in Bedford next to the A421 and comprises five warehouses across 715,000 sq ft and is let to Movianto, Carlton Packaging, Leidos, Larson-Juhl and Workstories with an average lease length of over 15 years. The properties are all BREEAM Very Good or Excellent certified​.​

“We have worked over a number of years to deliver an exceptional logistics park of high quality buildings which are let to strong occupiers and are delivering strong rental growth. Our engagement with stakeholders such as Bedford Council, contractors, local residents and businesses has contributed to the success of this development.”

Nick Heath,

Head of Projects​

Alt for weymouth development​

Case study

Weymouth Development​

Highly successful and fully de-risked development showcasing our strong occupier and stakeholder relationships​

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Alt for weymouth development​

c.£ 30 m

Acquisition value​

110 k sq ft

BREEAM Very Good​

7 %

Yield on cost​

LondonMetric acquired a convenience development site in 2017 and has since built and subsequently sold 70,000 sq ft of NNN retail stores which it pre-let to Aldi, Dunelm, B&M, McDonalds and Costa ahead of development.​

The final phase of the development comprises a pre-let M&S store across 40,000 sq ft, which is expected to complete in 2026. ​

“This has been a very successful development site for LondonMetric with the delivery of high quality buildings at attractive yields on cost. We have de-risked the developments through pre-lets to strong occupiers and responded to attractive offers by subsequently selling assets which have completed. We look forward to building and handing over the new store to M&S.”

Tom Pinder,

Projects delivery​

Alt for solar at huntingdon​

Case study

Solar at Huntingdon​

Large scale solar PV system covering the majority of the warehouse’s roof​

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1.9 MWp

Solar PV added

500  tCO2e

Saved emissions

A

EPC rating​

At our 300,000 sq ft logistics warehouse let to AM Fresh, 1.9MWp of solar was installed in 2024. LondonMetric had previously funded the development of the warehouse in 2022 and the PV system is expected to provide AM Fresh with c.28% of its annual energy needs and save c.500 tonnes of CO2 emissions p.a.​