LONDON & STAMFORD SEALS £100M FINANCING

London & Stamford, the property investor, said it has completed the £100m refinancing with Santander Corporate Banking and DekaBank against a number of its City of London office assets acquired over the past three years. The property company, which moved from London’s junior Alternative Investment Market to the main board last October, was set up 2007 to invest in cut-price UK commercial property opportunities thrown up by the global financial crisis. It was the brainchild of veteran real estate entrepreneurs Patrick Vaughan, Humphrey Price and Raymond Mould. The group has refinanced against office buildings at One Fleet Place (pictured) and One Carter Lane, which it bought in January 2009 and April 2011 respectively. In May, the company announced it had lined up a £1bn war chest for new acquisitions in London’s residential market.