Fosse Park deal
Wednesday 05 August 1998
Pillar, Schroder Exempt Property Unit Trust and SITQ International Inc, a wholly-owned subsidiary of Caisse de depot et placement du Quebec, said they had formed a Jersey-based closed-end unit trust which had completed the acquisition of the Fosse Park and Fosse Park South retail
parks near Leicester.
Key retail chains represented on the Fosse Park developments include Marks & Spencer, Boots, Burton, Next and Dixons, and on Fosse Park South they include Currys, PC World and Carpet Depot.
Pillar said that while the underlying units are not expected to become actively traded, it is believed that the simplicity of transferring the units will enhance the liquidity for investors.
The Trust provides for expansion by a further pounds 300m should other suitable retail park investments be identified.
- 1 Hilary Mantel 'should be investigated by police' over Margaret Thatcher assassination story, says Lord Bell
- 2 Stamford Hill council removes 'unacceptable' posters telling women which side of the road to walk down
- 3 Kim Kardashian 'nude pictures' leaked on 4chan weeks after Jennifer Lawrence 'The Fappening' scandal
- 4 Alex Salmond: 'The rocks would melt with the sun before I'd ever set foot in the House of Lords'
- 5 Ice Bucket Challenge: US firefighter Tony Grider dies after participating in charity craze near power lines
Scottish independence referendum: A nation divided against itself
Scottish referendum results: Cross-party consensus collapses amid Tory-Labour spat on the 'English question'
Scottish independence: David Cameron is becoming the 'George Bush of Britain'
Plebgate MP Andrew Mitchell called officer a 'little s**t', claim court documents 'exposing ex-Chief Whip's 'record of abusing police'
Hilary Mantel 'should be investigated by police' over Margaret Thatcher assassination story, says Lord Bell
Archbishop of Canterbury admits doubts about existence of God
iJobs Money & Business
£400 - £450 Per Day: Clearwater People Solutions Ltd: **URGENT CONTRACT ROLE**...
Up to £100k or £450p/d: Saxton Leigh: My client is a leading commodities tradi...
£320 - £330 per day: Ashdown Group: The Ashdown Group have been engaged by a l...
To £75,000 + Pension + Benefits + Bonus: Saxton Leigh: My client is looking f...