LONDON-Rockspring Property Investment Managers LLP has purchased a speculative office scheme at The Causeway in Staines from Hammerson for a pension fund client. The company has acquired the Staines development along with Exton Estates for GBP 5.2 million.
The joint venture is planning to develop two office buildings totaling nearly 60,000 square feet on the site. The estimated cost of the development is GBP 17 million. Construction is expected to start in spring 2012 and will be completed in spring 2013. For the full story, go to PropertyMall .
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