Go-ahead for Grosvenor's City development scheme

Article Abstract:

The Corporation of London has approved the demolition of two buildings at 109-118 Broad Street, London, England, in the Bank Conservation Area. Grosvenor Estate Holdings will now be able to redevelop the site, building a new 10,700 sq mt building made up of offices on eight floors and parking and retail space. It will be built as a joint venture with Unilever Superannuation Fund, and will be valued at 75 million pounds sterling.

Nonresidential construction, not elsewhere classified, London, England, Design and construction, Office buildings, Grosvenor Estate Holdings

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DIFA seals top Frankfurt deal but struggles in UK

Article Abstract:

A deal worth around 141 million pounds sterling has brought German fund DIFA a 56% share of the central Westend Carree office complex in Frankfurt, Germany. The buildings cover a total of 204,520 sq ft, and are let to Banque Paribas, Boston Consulting Group, Bankers Trust and ABN Amro. DIFA is also planning to invest in the UK during 1995.

Real estate industry, Frankfurt, Germany, DIFA

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