LondonMetric and Vistry join FTSE 100

LondonMetric has joined SEGRO and Landsec in the FTSE 100, along with housebuilder Vistry Group. The REIT has grown through mergers and acquisitions to become the UK’s third-largest REIT, having combined with LXi REIT and CT Property Trust in the past year. Chief executive Andrew Jones told EG earlier this week that further consolidation could also be on the cards. Jones is a former head of retail at British Land, which dropped out of the FTSE 100 last year. Those relegated to the FTSE 250 include wealth manager St James’s Place and Ocado. Photo by Andy Rain/EPA-EFE/Shutterstock (10581308c)