London & Stamford readies £800m war chest

London and Stamford Property, the real estate investment trust, says it has an £800m war chest ready for investments during 2012.

London and Stamford Property, the real estate investment trust, says it has an £800m war chest ready for investments during 2012.

The figure comes partly from the disposal of its Triangle Distribution Portfolio for £265m. This deal, which will complete in the Spring of 2012, will add £101m to available resources, on top of £96m in cash and a £150m credit facility with Bank of Scotland. Of course, all of this money will need to be leveraged to hit the £800m figure.

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