PropertyEU

LSR to raise £160m in London IPO

By A staff reporter 2007-03-26T00:00:00

Local Shopping REIT (LSR) is planning to raise up to £160 mln through a listing on the London Stock Exchange in May, after which LSR will elect to become a real estate investment trust (REIT). The proceeds will be used to fund LSR's future acquisitions.

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