Property group Burford yesterday launched its third rights issue in three years, calling on shareholders for £142m to fund the £71m acquisition of a property portfolio and to develop its Finchley Road, London, and Heywood, Manchester, sites. The company has acquired a seven-property portfolio from Shell Pensions Trust. It will provide an initial annual rental income of £4.9m, expected to rise to £6.9m in the next few years. They include the Darwin shopping centre at Shrewsbury and a retail warehousing site in Leeds.
- The Daily Telegraph 24/05/96 page 32
- Financial Times 24/05/96 page 25
- The Times 24/05/96 page 27
- The Independent 24/05/96 page 24
- The Guardian 24/05/96 page 21
