London and Stamford has firepower for future spend

FTSE 250 real estate investment trust London and Stamford Property (LSP) said on Friday that it has in excess of 600m pounds in projected future firepower to spend on investment.

FTSE 250 real estate investment trust London and Stamford Property (LSP) said on Friday that it has in excess of 600m pounds in projected future firepower to spend on investment.

Chief Executive Patrick Vaughan said that £260m of the investments announced at the year-end statement (May 30th) have already been exchanged and or completed. He confirmed that LSP has completed the acquisition of Moore House, London, for its Central London Residential Joint Venture for £147m (in which is owns a 40% interest).

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