John Laing Property (JLP) and the Terrace Hill Group have forward funded their £28 million Heathrow Approach' office development in Slough, Berkshire with MEPC The 1.5-hectare site has been bought for £7.5 millions.Robert Lane, of Terrace Hill, says quot;Heathrow Approach will comprise a five storey 7510 sq metre (80,850 sq ft) office building, designed by the Barton Willmore Partnership adjacent to junction 5 of the M4.".Chris Bond, director of John Laing Property, continues There is a great deal of pent-up demand in the Thames Valley, and Heathrow Approach will be the ideal location for international companies that need to be close to Heathrow Airport and the high-tech industries in the surrounding area.

This is one of the most prominent undeveloped sites on the M4 where demand for quality office accommodation is strong and forecast to remain high. The site is opposite our existing holding at Axis Park, part of which has recently been prelet to The Post Office. in particular speeding up its business centre opening programme in the US and Asia.The consortium has bought a 17.5% stake in Regus for $100 million egus chairman Mark Dixon retains the remaining majority of equity.We have an aggressive expansion timetable which will see our 200th centre opening by the end of this year.

Regus is revolutionising how people work With companies seeking more ways to manage costs while retaining flexibility the Regus concept will become recognised as the template for how office space should be provided . Currently opening two new centres a week containing over 10,000 high specification individual offices in 29 countries. Clients range from multi-nationals accessing new markets or utilising serviced space as a more effective means of controlling their own property overheads.The Regent Centre, Guardian Properties' new production/warehouse development completed in the Spring is now fully let.There are awards and competitions for different segments and hence there could be something that is specifically related to Sydney real estate valuations.

Earlier this year, W.F. Electrical relocated to the Regent Centre from their existing premises at Park Royal allowing them to progress expansion plans to achieve 90/100 outlets in the next 2 years.development at a rent equivalent to £88.80 per sq m (£8.25 per sq ft). This rent reflects various works undertaken.The lease is subject to five yearly upward only rent reviews Kemsley Whiteley and Ferris represented W.F. Electrical Guardian Properties were advised by Catella Property Consultants and GVA Grimley.Guardian Properties were advised by Catella Property Consultants and GVA Grimley .Fairview new homes appoints qs for move into urban development.

Barrie Tankel Partnership has been appointed as quantity surveyor by Fairview New Homes for the construction of a 123 unit new apartment block in Butlers Wharf London SE1 - a project which demonstrates this residential developers increasing diversification into more complex but highly promising urban schemes Fairview New Homes are set to capitalise on the increased potential and appeal of Butlers Wharf soon to be generated by the Jubilee line extension and burgeoning South Bank attractions .

The project has involved the demolition of Vanilla and Sesame Wharf, two existing dilapidated warehouse buildings on the site to make way for the construction of a new 7-storey development Designed by architects BUJ, the building will have a total gross internal floor area of 127,000 sq. ft plus basement car parking.


A contractor is shortly to be appointed for this work and the construction of the basement and superstructure work is due to start on site in August to enable the basement to complete by spring 1999 for use by the adjacent Spice Quay The contract value for the basement, shell and core is in the region of 6.5m.

FPPS acquires 22,000 sq ft for £6.9 million near Heathrow FPPS, acting on behalf of Friends Provident, has acquired 2,069 sq m (22,271 sq ft) a major Italian domestic appliance company The top quality offices, occupied by Merloni, are set in a 0.6 ha (1 .55 acres) site with parking for 104 cars. FPPS has let the space on a new 1 5 year lease at a rent of £500,000.00 per annum This purchase complements other strategically placed, quality investments FPPS are keen to investigate the opportunities presented by similar properties not only along the M4 corridor but nationwide positioned within five miles of Heathrow Airport, and three miles from junction 1 of the M40 which links directly with the M25 via junction 16 .

While hiring an agent, the licensed one from all the real estate agents should be chosen. FPPS advised Friends Provident on the investment which was introduced by Gore Associates, while Thomas Williams acted for Merloni Elettrodomestici.