Our Linen Factory format offers a new concept in linen retailing with an emphasis on linens and soft furnishings in a quality environment. We are creating a natural look which enhances modern, citrus-colour textiles. This will be the fourth store in the roll-out of the new format and follows shopfits to stores in Southampton, Romford and Norwich. Nightingales, which now has 23 branches, will employ six people at the Chequers.
Eisenegger, trading own label active casualwear, opens at County Mall, Friends Provident’s 41,800 sq (450,000 sq ft) shopping centre in Crawley, on 18 April (1998). You ought to have the capacity to create the precise charges that your cheapest conveyancing Brisbane
attorneys will be charging you – not an estimation of expenses, yet an exact breakdown of real estate Lawyers expenses and also the various expected expenses and expenses included in the entire methodology.
The British company established in 1990, has taken 139 sq m (1,484 sq ft) on the upper mall level next to Bhs and opposite Cromwells Madhouse. The deal is based on a 15 year lease at a rent of £67,000 per annum with a six month rent period. County Mall will be Eisenegger’s 1Oth shopping centre outlet, and a further four sites are due to open by September (1998).
In addition to Eisenegger’s own fashionwear a full range of accessories including watches, hats and badges will also be stocked. MEPC plc announced today that it has entered into a contract to sell its entire portfolio of eight retail shopping centres in the United States to General Growth Properties, Inc.
The transaction is structured as a sale of the stock of the U.S. companies which own the centres. It reflects an agreed properly price of US$871 million payable in cash, which will be adjusted at closing for certain unspent leasing costs and for any remaining costs to completion for the existing development programs at three of the centres.
The agreed property price represents a surplus of 9% over MEPC’s book value of the assets to be sold including actual and expected additions at cost since 30 September 1997.
Following competitive bids received, MEPC is also well advanced with discussions on the sale of its remaining U.S. office and industrial properties.We are delighted to announce this important transaction at a significant surplus over book value.
Our efforts are now focused solely on the UK where we have been exceptionally busy in recent months, notably with the £247rn acquisition of PSIT, the development of Woolgate Exchange in the City and the expansion of our Industrial and office portfolios. Acting on behalf of 20 Bell Street Limited, FPDSavills has disposed of the feuhold interest in Merchant Exchange, Bell Street to property investment company Sydney & London Properties for more than £2.6 million.
Merchant Exchange is a modern office building totalling 2,215 sq m (23,850 sq ft) with 13 car parking spaces within Glasgow’s Merchant City.
At this weeks annual property awards (the Oscars for the industry), sponsored by Property week, Greycoat has been named the Developer of the year. In nominating Greycoat, the judges recognised the merits and the timing of the Company’s speculative development , in the City of London commenting, Greycoat moved early, and aggressively, into the City buying development opportunities with cash. Supporters described the move as bold, critics said it was foolhardy.
FPDSavills acted on behalf of 20 Bell Street Limited with Sydney & London representing themselves.