Structural assembly and reversible transformation between a metallogrid Dy-4 SMM (2) and its fragment Dy-2 (1) were established in the different solvent media. The zero-field magnetization relaxation was slowed for dysprosium metallogrid (2) with relaxation barrier of U-eff = 61.3 K when compared to Dy-2 (1). Both magnetic dilution and application of a moderate magnetic field suppress ground-state quantum tunneling of magnetization and result in an enhanced U-eff of 119.9 and 96.7 K for 2, respectively. Interestingly, the lanthanide metallogrid complex (2) exhibits magnetic hysteresis loop even up to 16 K at a given field sweep rate of 500 Oe/s.