Simon Thompson 

Local Shopping REIT’s tender offer worth accepting

Simon Thompson

Simon Thompson

Local Shopping Reit (LSR:30.5p), a small-cap property investment company that’s sold off almost all its properties with a view to returning the cash to shareholders, has reached an agreement with its largest shareholder, Thalassa (THAL:80p), to enable a cash return after Thalassa had used its 25.5 per cent stake to thwart the directors’ attempt to return the cash to shareholders at the end of last year. Thalassa subsequently launched an unsuccessful takeover which failed last month.

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