Development Securities agrees £37m forward funding with Morley Fund Management for the 132,000sq ft second phase of Cambourne Business Park, Cambridge. Development Securities advised by Linklaters & Alliance (Andy Bruce). Morley Fund advised by Penningtons (Peter Howard).
John Laing Property sells Reading office development Kings Wharf to an Irish syndicate assembled by Hamilton Osborne King and Deloitte & Touche Dublin for more than £8.5m. John Laing Property advised by CMS Cameron McKenna (David Saunders). The purchasers and lender, the Bank of Ireland, advised by Taylor Joynson Garrett (Paul Lawrence).