Legal & General spends 90m pounds sterling on out-of-town

Article Abstract:

Hypo-Bank has received 16.35 million pounds sterling from Legal and General for Mercury House, the headquarters building of Mercury Communications near Manchester Airport, England. This is part of investment of more than 90 million pounds sterling on property by Legal and General, which is looking increasingly to out-of-town assets, particularly those which have good communications links. It is also purchasing five offices at Birmingham Business Park from Prudential for in excess of 12 million pounds sterling.

Investments, Legal and General Group PLC

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IBM formulates programme for three sites with 100m pounds sterling potential

Article Abstract:

A considerable amount of land will become available as IBM goes ahead with plans to redevelop unneeded land at three core sites. At the 16.19 ha Greenford service centre site, 10.1 ha will be opened up, and a retailer has already agreed to purchase 4.05 ha there. In Havant, the company is considering the development of two sites covering a combined area of 9.11 ha. These would be used for warehousing, business and distribution operations.

Planning, International Business Machines Corp., IBM, Buildings and facilities

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