Friday, December 16, 2005

IBM Completes Sale Leaseback of £120 Million UK Office Portfolio - December 7, 2005

The Highcross Fund has completed the purchase of IBM's sale and leaseback portfolio marketed earlier this year with offers being sought in excess of £120 million. The portfolio comprises three purpose-built business parks in Portsmouth, Warwick and Greenock and a two-storey data centre in Greenford. The sites total approximately 1,645,490 sq ft (152,866 sq m). IBM has taken the space for fifteen years, with break clauses in the tenth year and options to extend. Atisreal acted for IBM and Morgan & Co advised The Highcross Fund. Sphere: Related Content

No comments:

Wikinvest Wire