Acquisition

RNS Number : 4797M

London & Stamford Property Ltd

29 January 2009

 



London & Stamford Property Limited

Acquisition of One Fleet Place, EC4 for GBP74m

London & Stamford Property Limited ('London & Stamford Property') (AIM: LSP), announces today that it has completed the acquisition of One Fleet Place, EC4, in accordance with its announcement dated 6 January 2009.

Enquiries:

London & Stamford Property Limited  Tel: [phone]

Mandy Trotter, Company Secretary

KBC Peel Hunt                       Tel: [phone]

Capel Irwin / Nicholas Marren

Gavin Anderson & Company            Tel: [phone]

Richard Constant / James Benjamin / Anthony Hughes

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 who 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 .

 

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