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Nabarro advises London & Stamford on £226 million fundraising

16 July 2009

Nabarro LLP has advised London & Stamford Property Limited on its fundraising of £226 million (gross proceeds), by way of a placing and open offer at a price of 105p per new ordinary share.

London & Stamford Property, which was admitted to AIM in November 2007, carried out the equity fundraising in order to take advantage of current conditions in the property market. The prospectus, which also comprises an AIM admission document, was posted to shareholders on Friday 10 July. It is expected that the entire net proceeds of the fundraising will be used for property investment purposes.

Corporate partners Graham Stedman and Russell Holden led the Nabarro team; with assistance from corporate associates Leon Miller and Kate Grayling. KBC Peel Hunt acted as nominated adviser, broker and underwriter to London and Stamford Property.

Corporate partner Graham Stedman commented: “Our corporate group has in depth expertise in advising clients on raising funds to assist with plans for growth. It was a pleasure to work with London and Stamford Property on this transaction and encouraging given the current economic climate.”

If you would like any further information or have any queries please contact:

Charlotte Collins-White
Lansons Communications
T +44 (0)20 7566 9706
charlottecw@lansons.com