UK: MEPC IN PROPERTY DISPOSAL

Article Abstract:

MEPC sold a number of properties on 30 June 2000 to an institutional investor consortium, Blackmoor Portfolio. The properties were part of Oldham Estate and included the Centre Point building in London. Blackmoor acquired Oldham's equity for GB[pound] 392mn and took on GB[pound] 104mn worth of debt. UK-based property firm, MEPC, said that the deal formed part of its efforts to sell non-core property as it looks to concentrate on business parks.

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UK: MEPC PLANS DISPOSALS

Article Abstract:

MEPC will dispose of eight leisure and retail properties and concentrate on out-of-town shopping centres, office developments and business parks. The UK-based property investment agency will sell seven properties to British Rail Pension Funds and the sales are valued at GB[pound] 190mn in total. MEPC would not comment on rumours that its entire retail portfolio, valued at GB[pound] 1.2bn, would be sold off.

New capacity, new plant construction, Buildings and facilities

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UK: PRESTBURY/MEPC BUY PROPERTIES

Article Abstract:

UK property group MEPC and Prestbury are jointly buying a portfolio of retail sites valued at GB[pound] 188mn from a private client of Jones Lang LaSalle, who is thought to be financier George Soros. GB[pound] 80mn of the properties are shopping centres and retail warehousing and GB[pound] 38mn of the deal comprises leading retail sites. Both MEPC and Prestbury have invested a cash sum of GB[pound] 15mn.

United States, Acquisitions & mergers, Real Estate, Real Estate and Rental and Leasing, Real estate industry, Jones Lang LaSalle Inc.

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