Heron to spend pounds 250m on Euro sites

Monday 08 March 1999 00:02 GMT

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Heron to spend pounds 250m on Euro sites

HERON INTERNATIONAL, the property company run by Gerald Ronson, will today announce a major boost to its overseas portfolio with the purchase of several sites in major European cities. The company has bought land with a total development cost of pounds 250m in Lisbon, Nuremberg, Madrid and Milan. The purchases are part of Heron's plans to spend over a pounds 1bn in the next five years to create a series of entertainment parks in 20 cities within the European Union.

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