Refinancing of City of London Office Assets

RNS Number : 8283M

London & Stamford Property PLC

23 August 2011

 



23 August 2011

LONDON & STAMFORD PROPERTY PLC

("London & Stamford" or the "Company")

Refinancing of City of London Office assets for £100 million

Further to the Company's Interim Management Statement of 21 July 2011, London & Stamford Property Plc (LSE: LSP.L) is pleased to announce that it has completed the £100 million refinancing with Santander Corporate Banking and DekaBank against its City of London office assets at One Fleet Place, London EC4 and One Carter Lane, London EC4 acquired in January 2009 and April 2011 respectively. The Facility was arranged by Santander Corporate Banking and DekaBank.

For further information contact:

London & Stamford Property Plc Raymond Mould Patrick Vaughan Martin McGann	Tel: [phone]
Kreab Gavin Anderson Richard Constant James Benjamin Anthony Hughes	Tel: [phone]

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 distribution real estate assets, principally 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 

 

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