London Stone Properties sold to Foxtons Group plc

Leading UK estate agency group Foxtons plc (LON: FOXT) has acquired the share capital of London Stone Properties Ltd and its subsidiary London Stone Property Sales Ltd.

A multi-branch estate agency, London Stone Properties is based in South East London, focused around Woolwich, Royal Arsenal, and Kidbrooke. The agency specialises in selling, letting and managing upmarket luxury apartments in the area, which has seen significant inward investment and rising consumer demand in recent years. Initium advised the shareholders of London Stone Properties on the transaction.

This deal is one of a select number of Initium-led estate agency transactions through the years, including the sale of Personal Homefinders to Countrywide plc.