Refinancing of Prime Distribution Assets for ?133m
23 February 2011
LONDON & STAMFORD PROPERTY PLC
("London & Stamford" or "LSP")
Refinancing of Prime Distribution Assets for £133.25 million
Further to the Company's Interim Management Statement of 20 January 2011, London & Stamford Property Plc (LSE: LSP.L) is pleased to announce that it has completed the £133.25 million refinancing with Metropolitan Life Insurance Company of the prime distribution assets acquired in November 2010. The Facility was arranged by Laxfield Capital.
For further information contact:
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London & Stamford Property Plc Raymond Mould Patrick Vaughan
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Tel: +44 (0)20 7484 9000 |
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Kreab Gavin Anderson Tel: +44 (0)20 7074 1800
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Tel: +44 (0)20 7074 1800 |
Notes to editors:
London & Stamford Property plc was set up to exploit opportunities that it anticipated in the UK property cycle and is a group UK-REIT. The Company has a highly experienced management team and invests in commercial property, including office, retail and industrial real estate assets, principally in the UK, and has a property portfolio which now comprises 24 investments, all of which are located in the UK.
The Company is traded on the London Stock Exchange's Main Market (LSP.L) and is authorised by the FSA to carry out certain regulated activities.
Further information on the Company is available from the Company's website: www.londonandstamford.com
This information is provided by RNS