|
BLACKROCK International Land plc has formed a joint venture company with Cornerstone Capital Management, the Dublin-based property investment and management company, to acquire and develop three prime sites in London. When completed, the three new office buildings will comprise more than 165,000sq ft of net lettable space.
Blackrock is investing 25m for a 37.5% stake in the joint venture that has acquired three high-profile development sites on which it intends to commence immediate construction of three Grade A office buildings. The total project expenditure is expected to be approximately 205m.
No 1 King's Arms Yard, London, will consist of a seven-storey office building comprising approximately 56,000sq ft.
Construction is under way with completion expected in Autumn 2008.
No 29 - 33 King Street, London, will comprise a sevenstorey office building totalling approximately 33,000 sq ft. The building contract is currently being finalised and demolition works are expected to commence shortly. The building is is expected to be completed in early 2009.
No 1 Bartholomew Lane, London, will comprise a tenstorey office building totalling approximately 76,500sq ft. Preparatory works have already started and demolition works are about to commence. Construction will get underway soon and completion is expected in late 2009.
|
YOU ARE HERE: 11 November 2007 / tribune.ie / 2007 / 05 / 27
Terms & Conditions 
