Significant position of The Vanguard Group in LondonMetric Property plc

The Vanguard Group, Inc. has revealed that it holds a significant open position in LondonMetric Property plc, according to a document published on February 27, 2024. This position represents 5.22% of the capital of LondonMetric Property, with a total of 57,070,246 ordinary shares of 10p. The disclosure falls under the UK Takeover Code and also reveals Vanguard's interest in another listed company, LXi REIT plc.

The update also shows a recent transaction from Vanguard, with the purchase of 166,580 ordinary shares of LondonMetric at a unit price of 1.89 GBP. This reflects the investor's ongoing activities in the UK listed property sector. Furthermore, no irrevocable commitments or other arrangements have been reported, indicating a direct approach in the investment.

This announcement from The Vanguard Group illustrates the changing dynamics of large stakes in listed real estate companies, providing insight into the investment strategies of major fund managers in this sector.