Britain's Max Property seeks 1st deal since float
LONDON |
LONDON (Reuters) - Max Property Group (MAXP.L), set up to invest in bargain UK property assets, is in talks to make its first acquisition since floating in May, the Financial Times reported on Thursday.
The paper said Max Property, which is backed by property millionaire Nick Leslau, is in discussions to buy the 270 million pound ($444 million) Industrious portfolio of industrial properties out of administration.
The portfolio comprises 120 properties and was valued at over 530 million pounds when it was put into receivership last year, the FT said.
No one at Max Property, which raised 200 million pounds in its flotation, was immediately available for comment.
($1=.6083 Pound)
(Reporting by Victoria Bryan)
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