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MEPC office buy

MEPC, the property company, has agreed to purchase John Laing Property and Terrace Hill's office development, called Heathrow Approach, at Langley, near Heathrow in Berkshire.

The acquisition involves around pounds 27.7m payable to the developers in two phases, with a third phase dependent on a successful letting, the company said.

Heathrow Approach will consist of a five-storey 7,510 square metre, high quality office building with 348 car parking spaces, MEPC said.

Developers John Laing Property and Terrace Hill expect to start construction in the autumn and will deliver the building in December 1999.