Under the agreement io will develop 695,000 sf of multi-letindustrial and business units.. The sites have been acquired byioG's development division - io Developments - on behalf ofIndustrial Development Partnership II--the £250 million ($365million) limited partnership launched by The io Group Limited andLaSalle Investment Management to develop branded io Centres. IoCentres are offered to occupiers on highly flexible terms, fromleases of any length to purchase options and sales.

Patrick Deigman, Chief Executive of Arlington Securities, said:'Arlington continually evaluates and actively manages its landportfolio and we wanted to find a developer for these sites whosebusiness ethos and quality of development matched our own. Io Groupand Arlington share a similar philosophy, based on providinginnovative investment and development solutions to occupier-leddemands. In this respect, they are the ideal purchaser.'