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).
Tommy Hilfiger sells 18,000sq ft flagship store at 51 and 52 New Bond Street to Scottish Widows for an undisclosed sum. Tommy Hilfiger advised by Gibson Dunn & Crutcher (Alan Samson). Scottish Widows advised by Freshfields Bruckhaus Deringer (Geoff Le Pard).