* Metric Property Investments to list on March 19
* To exploit repricing opportunities in UK retail property
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LONDON, March 8 (Reuters) - Former British Land director Andrew Jones is looking to raise 150 million pounds ($223 million) to seize "significant" UK property investment opportunities via a new listing on London's main stock exchange.
Jones, who left Britain's second-largest property company in January, said the new company -- Metric Property Investments plc -- would benefit from the extensive experience of its directors, which include former colleagues Valentine Beresford and Mark Stirling.
"We believe that the extensive re-pricing of the real estate market and the adoption of our occupier-led approach will present a significant opportunity for Metric to create value for shareholders," Jones said in a statement.
Metric is already in negotiations with a number of vendors regarding potential acquisitions in the retail property sector, which is bouncing back rapidly after a extended drop in values between June 2007 and September 2009.
Oriel Securities and J.P. Morgan Cazenove have been appointed as joint sponsors, financial advisers and bookrunners.
Metric's board is chaired by Andrew Huntley, a non-executive director of Liberty International.
The board also comprises Alec Pelmore, a member of the supervisory board of Europe's largest real estate company Unibail-Rodamco and Andrew Varley, an executive director of retailer NEXT Group plc.
Conditional dealings on the LSE are expected to commence on March 19 with unconditional trading due on March 24. ($1=.6652 Pound) (Reporting by Sinead Cruise; Editing by Jon Loades-Carter)
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