UK REIT London & Stamford said it has established a joint venture to invest £200 mln (EUR 250 mln) in Central London residential property. The other members of the joint venture are Green Park and an unnamed partner.
UK REIT London & Stamford said it has established a joint venture to invest £200 mln (EUR 250 mln) in Central London residential property. The other members of the joint venture are Green Park and an unnamed partner.
London & Stamford will hold a 40% interest in the joint venture with the other partners holding 30% each.
The focus of the joint venture will be investment in Central London residential assets. 'With careful management of occupational risk, the potential for rental growth persists and we can best leverage our ability to swiftly utilise our cash resources and rapid-decision making processes,' London & Stamford said.
