Highlights

• LondonMetric Property announced on 2 November 2026 that chief financial officer Martin McGann has decided to retire.

• McGann is expected to leave in summer 2027, once the property group has published its full-year results.

• The company says plans to appoint a replacement are well underway, although no successor has been named.

• McGann has served LondonMetric since its January 2013 formation and earlier worked alongside chief executive Andrew Jones.

Summer 2027 now carries a farewell date on the calendar of LondonMetric Property (LSE:LMP). In a short update released at 07:00 on Monday 2 November 2026, the real estate Investment trust confirmed that Martin McGann, its chief financial officer, has decided to retire, bringing to a close a finance Partnership with chief executive Andrew Jones that stretches back more than two decades and across three property businesses.

LondonMetric sets out a CFO retirement timetable

The announcement, titled "Retirement of Martin McGann", describes a measured handover rather than an abrupt exit. McGann will remain in post until summer 2027 and leave after LondonMetric reports its full-year results, giving the board several months to run a succession process.

The company said plans for a replacement are well underway and that an announcement will follow in due course. No successor has been named, and the update carried no financial figures, guidance changes or revisions to Capital strategy.

A partnership that helped shape a UK REIT

McGann has been at LondonMetric since its formation in January 2013, when London & Stamford Property merged with Metric Property Investments. Before that, he was finance chief at London & Stamford and at Pillar Property, where he worked with Andrew Jones and many of the people who still make up the management team.

Jones said the pair had collaborated for more than 20 years and credited that partnership with helping to build LondonMetric into one of the UK's largest businesses. He added that McGann leaves the company in a sound financial and structural position and that the board wants a first-class successor.

McGann described his 25 years across Pillar, London & Stamford and LondonMetric as exciting and said his focus remains on the Business and a smooth handover. He also pointed to his own stake: "I wish the team every success in the future and, as a shareholder, will watch on with interest and expectation as the Dividend continues to grow."

Why the finance seat matters after a busy 2026

The news follows a heavy corporate calendar. In September 2026, LondonMetric and Schroder Real Estate Investment Trust (SREIT) completed their consortium Acquisition of Picton Property Income through an all-share offer, implemented by a court-sanctioned scheme of arrangement under Guernsey company law.

On 11 September, 97,627,134 new LondonMetric shares were admitted to trading on the London Stock Exchange's Main Market, and Picton became a Wholly Owned Subsidiary of SREIT following a separation step. LondonMetric then issued a trading update on 19 October.

For a group whose Market Capitalisation stood at about £4.5bn on 2 November 2026, the finance chief sits at the centre of funding, reporting and dialogue with shareholders, which helps explain why the timing of this handover draws attention among UK shares.

Open points in the succession

Several questions sit outside the scope of the update. The company has not said whether it is considering internal or external candidates, and it has given no date for naming a successor beyond "in due course".

The precise leaving date is also not fixed in the announcement. Instead, McGann's exit is tied to the publication of the full-year results, rather than to a specific day in the calendar.

What investors may watch next among LSE stocks

For followers of LSE stocks in the property sector, the next milestones are straightforward. The first is the appointment announcement itself, including the incoming CFO's background and start date.

The second is the handover period, which McGann has said he intends to keep smooth. The third is the 2027 full-year results, which mark the point after which he is due to step away from a business he has helped steer since its creation on the UK stock market.