Financial Times FT.com

L&S looks for backing from its investors

By Daniel Thomas, Property Correspondent

Published: June 12 2009 02:24 | Last updated: June 12 2009 02:24

London & Stamford will ask shareholders for additional investment fire-power after becoming the only property company this year to report a positive movement in the value of its assets.

The Aim-listed fund, managed by property veterans Raymond Mould and Patrick Vaughan, on Thursday said that it planned to raise new capital, ahead of a move to the main market next year and a potential conversion to a real estate investment trust.

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