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London & Stamford boosted by cash injection

By Daily Mail Reporter
Updated: 05:04 EDT, 19 November 2010

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Property investor London & Stamford said it will have £1bn firepower for new buys in 2011 after its Middle Eastern partners injected £100m in a vote of confidence for the British market.

Green Park Investments raised its investment to take advantage of the recovering property market.

It came as London & Stamford snapped up a portfolio of five warehouses for £123m.

The assets generate £8.7m of rent a year and tenants include the Metropolitan Police Authority, Royal Mail, and Pearson.

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