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Homes with investment potential

These residential properties could bring in a good ROI

McCarthy & Stone plans London listing to raise $107 million

Reuters - UK Focus

LONDON, Oct (HKSE: 3366-OL.HK - news) 14 (Reuters) - British housebuilder McCarthy & Stone plans to raise 70 million pounds ($107 million) through a flotation on the London Stock Exchange (Other OTC: LDNXF - news) and will use the proceeds to invest in land and construction projects.

Britain's biggest builder of homes for retired people, with a 70 percent share of the market, said 25 percent of the company will be sold via the initial public offering (IPO).

Sky News reported in September that private equity firm Bridgepoint was in talks to buy the business.

($1 = 0.6544 pounds) (Reporting by Matt Scuffham, editing by Louise Heavens)