LONDON-MGPA, a private equity fund manager, is planning to start the speculative development of an office project spanning 225,000 square feet near Moorgate 72 Fore St. in the City. The company has purchased the Fore Street development site from Royal Mail and Telereal Trillium for GBP 35 million, along with Quadrant and CarVal Investors.
Quadrant will act as development consultant and MGPA as development manager. Construction is expected to be completed by the end of 2013. For the full story, go to Property Week .
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