London Developer Eyes Targets For $1.3B War Chest

Law360, New York (January 26, 2012, 2:49 PM EST) -- British real estate investment trust London & Stamford Property PLC has £800 million ($1.3 billion) in the tank for property investments in the country, even as the outlook for the sector stays dark, the REIT said Thursday.

The estimate is up from about $1.1 billion in firepower listed in November, and gives the company — a relative newcomer to the U.K. REIT market — a chance to target opportunistic properties, with a focus on central London, it said.

“The outlook for property in the United Kingdom...
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