Acquisition of Racecourse Ret

RNS Number : 3741U

London & Stamford Property Ltd

23 June 2009

 



LONDON AND STAMFORD PROPERTY LIMITED

Registration No. 47816

Registered Office:

2 ND FLOOR, REGENCY COURT, GLATEGNY ESPLANADE, ST. PETER PORT,

GUERNSEY, GY1 3NQ.

___________________________

TELEPHONE: + 44 1481 720321

FACSIMILE: + 44 1481 716117

e-mail:  [e-mail]

23rd June 2009

LONDON & STAMFORD PROPERTY LIMITED

ACQUISITION OF RACECOURSE RETAIL PARK, AINTREE FOR £60.928M

London & Stamford Property Limited ('London & Stamford Property') (AIM: LSP), today announces that it has completed the acquisition of Racecourse Retail Park, Aintree, for £60.928m following its announcement dated 10 June 2009.  The purchase was part financed with a new facility from Deutsche Postbank AG.

Enquiries:
Kreab Gavin Anderson Richard Constant / James Benjamin / Anthony Hughes	Tel: [phone]
London & Stamford Property Limited  Mandy Trotter, Company Secretary	Tel: [phone]
KBC Peel Hunt Capel Irwin / Nicholas Marren	Tel: [phone]

Notes to Editors

London & Stamford Property is advised by LSI Management LLP ('LSIM') which has a highly experienced management team. The principal partners of LSIM include Raymond Mould, Patrick Vaughan and Humphrey Price. Raymond Mould and Patrick Vaughan are also non-executive directors of London & Stamford Property.

In October 2007, London & Stamford Property acquired London & Stamford Investments Ltd, which had been founded in 2005 by Raymond Mould, Patrick Vaughan and Humphrey Price together with the General Electric Pension Trust ('GEPT'), as their exclusive commercial property vehicle. All three founders have been involved in the property sector for over 30 years and have a strong track record of anticipating and exploiting opportunities that arise from cycles in the property market. The three founders have been involved in two listed and one unlisted property companies and in a number of funds during this period, including the development and flotation of their former, highly successful businesses, Arlington Securities PLC and Pillar Property PLC. 

London & Stamford Property is listed on AIM (LSP.L). Further information on London & Stamford Property is available from the Company's website www.londonandstamford.com. 

 

END

 

 

FURSEEFLDSUSEDM