30. Juli 2012 Print
Financing of Marlow International and Unilever House completed
Further to the Company's Interim Management Statement of 20 July 2012, London & Stamford Property Plc has completed the acquisition of Marlow International. LSP has also completed the £61.7 million financing of its South East offices, Marlow International and Unilever House, Leatherhead, with DekaBank Deutsche Girozentrale and Deutsche Postbank AG, London Branch. Following this financing, these two assets will now offer a combined cash on cash yield of approximately 11.6%, an improvement on the 11.2% cash on cash yield identified in the Interim Management Statement.