Smart move nets MEPC £180m

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.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article.

Sign up now for the following benefits:

  • Four FREE articles of your choice per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £6 per week.

Registered users and subscribers SIGN IN here to continue