15 October 1999
MEPC has sold 31 properties – mainly remnants of the PSIT portfolio bought in 1987 – into a joint venture co-owned by MEPC itself and GE Capital. The joint venture will initially be 400% geared and will enable MEPC to gain from future trading profits.
You must be logged in to continue
Try Property Week For Free to finish this article.
Sign up now for the following benefits:
To access this article TRY FOR FREE NOW
Don’t want full access? REGISTER NOW to read this article and up to 3 more this month and subscribe to our newsletters.
Registered users and subscribers SIGN IN here to continue
Site powered by Webvision Cloud