REITs Reshaping Communities: Liberty Property Trust’s Kings Hill

April 26, 2017 4:16 pm Published by

Once the site of a Royal Air Force (RAF) base during World War II, the vision for Kings Hill, an 800-acre mixed-use development located less than an hour from London by rail in Kent, has shifted over time.

The Kent County Council acquired the site in the 1970s, and in 1989 it teamed with Liberty Property Trust UK Ltd., a subsidiary of Pennsylvania-based Liberty Property Trust (NYSE: LPT), to develop a U.S.-style business park. The original goal was stimulating local economic growth, but greater demand for housing in the area led the developers to change course towards a mixed-use development.

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