UK real estate investment trust Local Shopping REIT (LSR) said this week that it had made good progress on the delivery of its business plan since being listed in London five months ago.
UK real estate investment trust Local Shopping REIT (LSR) said this week that it had made good progress on the delivery of its business plan since being listed in London five months ago.
LSR has purchased a further 150 properties in the last six months, spending a total of £47.8 mln (EUR 69.1 mln). Included in the total is the £14.6 mln (EUR 21.1 mln) portfolio of properties it acquired when it took over Gilfin Property Holdings in August. LSR now has a portfolio of 633 properties comprising more than 1,980 letting units. It has agreed terms to buy another 41 properties for £8.2 mln (EUR 11.9 mln). LSR focuses solely on investing in neighbourhood and convenience retail assets in urban areas in the UK.