LondonMetric's profits surge following merger

LondonMetric, the FTSE 250-listed real estate group created after the merger of London & Stamford Property and Metric Property Investments in January, saw profits more than double in the year ended March as the two companies combined for the last two months of the fiscal year.

LondonMetric, the FTSE 250-listed real estate group created after the merger of London & Stamford Property and Metric Property Investments in January, saw profits more than double in the year ended March as the two companies combined for the last two months of the fiscal year.

The firm, which now focuses on out-of-town retail and distribution assets, saw adjusted pre-tax profit surge 105% from £20.4m to £39.9m.

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