“…The discovery of the first single-molecule magnet, a [Mn 12 ] cluster, attracted enormous interest to the synthesis of various homo-/heterometallic complexes having the potential to behave as molecular magnets. − In the case of transition-metal complexes, the ground spin state ( S ) and anisotropy parameter ( D ), which are inversely related to each other, and the presence of spin–orbit coupling, responsible for quenching of the orbital angular momentum, are the three decisive parameters that hinder the obtainment of single-molecule magnets with the potential for practical applications. − This problem has been somewhat resolved by combining lanthanoid ions with transition-metal ions. − The high-spin ground state and unquenched orbital angular momentum leading to significant single-ion anisotropy increase the energy barrier of magnetization ( U eff ) and consequently make the Ln(III) metal ions (e.g., Tb(III), Dy(III) and Ho(III)) highly promising for single-molecule magnetism. − On the other hand, a combination of 3d–4f metal ions is even more promising, as the 3d metal ions (e.g., Cu II , Ni II , Fe II , Co II , Cr III ) are usually involved in ferromagnetic exchange coupling with the lanthanoid ions and these exchange interactions lead to an increment in the ground-state spin multiplicity. − Moreover, the quantum tunneling of the magnetization (QTM), which decreases the anisotropy barrier and consequently hampers the SMM behavior of the complexes, can be restricted by such a combination and thus relatively large effective energy barriers, hysteresis, and relaxation times are observed for many 3d–4f complexes. − Thus, the main challenge for synthetic chemists is to synthesize complexes which can retain their magnetic state even after the removal of an external magnetic field. In recent years, on consideration of these factors, the design and synthesis of various heterometallic 3d–4f ions such as Fe II –Ln III , Ni II –Ln III , Co II –Ln III , Cr III –Ln III , and Zn II –Ln III have been reported. − Among these, Ni II –Ln III complexes have attracted enormous attention, as the Ni(II) ion also possesses significant single ion anisotropy and the combination of Ni(II) ions with the highly anisotropic lanthanoid ions increases the anisotropy barrier ( U eff ) and blocking temperature ( T B ). − …”