LondonMetric Property Plc (LMP) has announced that Chief Financial Officer Martin McGann will retire from the business in summer 2027, following the publication of the company's full-year results. McGann has been with LondonMetric since its formation in January 2013, making his tenure more than 14 years at the UK-listed real estate investment trust. The company states that succession planning is already underway, with a formal announcement on his replacement expected in due course.

Key Points

  • LondonMetric Property Plc (LMP) — UK-listed real estate investment trust focused on logistics and long-income property
  • CFO Martin McGann has notified the board of his intention to retire, with departure scheduled for summer 2027 after full-year results
  • McGann has served LondonMetric since its formation in January 2013 and previously held CFO roles at London & Stamford Property Plc and Pillar Property Plc
  • Investors should watch for the announcement of a replacement CFO, which the company says is well underway

Martin McGann's Career Spanning Pillar Property, London & Stamford and LondonMetric

McGann brings a long history within UK property to his departure, having served as CFO at both Pillar Property Plc and London & Stamford Property Plc before joining LondonMetric at its formation in January 2013. The announcement notes that he worked alongside Chief Executive Andrew Jones and much of LondonMetric's current management team across these predecessor businesses, giving his tenure at the company a continuity stretching back well over two decades in combined service across the three organisations.

LondonMetric Confirms CFO Succession Planning Is Already Underway

The company states that plans for a suitable replacement are well underway and that a further announcement will be made in due course. McGann has indicated his focus remains on the business and on ensuring a smooth handover before his departure next summer. For investors in LondonMetric, one of the UK's larger listed property businesses, the orderly nature of the transition and the board's proactive approach to succession will be a factor to monitor closely as the 2027 full-year results period approaches.

Andrew Jones Highlights Company's Financial and Structural Positioning

Chief Executive Andrew Jones, who has worked with McGann for over 20 years, described the company as "financially and structurally well positioned" at the point of McGann's retirement, supported by a long-standing management team. Jones also stated his intention to find a "first class replacement" to drive the next stage of LondonMetric's development. McGann himself noted in the announcement that he would remain a shareholder following his departure, expressing confidence in the company's future and in the continued growth of its dividend.

LondonMetric's Long-Income Property Model Provides Backdrop to Leadership Change

LondonMetric operates as a UK real estate investment trust with a portfolio focused on logistics and long-income property assets. The business has grown substantially since its formation in 2013, and the announcement positions McGann's retirement as taking place from a position of strength. The company did not disclose specific financial metrics, asset values, or forward guidance figures within this update. Investors may be watching to see how quickly a replacement CFO is named and whether the appointment signals any shift in financial strategy.