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MEPC

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Kensington Arcade sold

New developer for 10-15 Lombard Street

Selfridges shortlist down to two

MEPC includes Centre Point in portfolio sale

MEPC submits new plans for Lombard Street

MEPC to develop in Lombard Street?

MEPC to buy London properties from Scottish Widows

MEPC sells Alban Gate

MEPC, the property company, has sold Alban Gate, London Wall, London EC2 for around £157m to CIT (Capital and Income Trust). Alban Gate is a 34,373 sq m (370,000 sq ft) building largely occupied by Chase Manhattan, the US bank. MEPC is also to dispose of its Scottish subsidiary, Caledonian Land for a further £150m. The sales are part of MEPC's disposal programme, which will leave the company focussed on its business park developments in Basingstoke, Warrington, Cambridge, Abingdon and Leavesden. - (05-11-2000)

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MEPC may sell London properties

MEPC, the property company, is said to be close to completing the sale of several London properties to Benchmark for around £250m. The deal could see London overtake Tokyo as the city with the highest office prices. Benchmark is said to have an exclusivity agreement on the portfolio, which includes a 18,580 sq m (200,000 sq ft) block near Cambridge Circus, 90 Long Acre and 12 St James's Square. The Cambridge Circus building is priced at £80m and is let to BT, with about four years remaining on the lease. The property is seen as a possible refurbishment or redevelopment opportunity. The Long Acre building is partly owned by property group Asticus and is priced at £70m. 12 St James's Square, MEPC's former headquarters, is priced at £56m. - (08-10-2000)

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