MEPC and Regus are planning to transform the property market in a joint venture to provide a ‘total property solution’ and viable alternative to sale and leasebacks and PFI’s.
The market-leading solution will allow owner-occupiers to sell all or part of their portfolio to MEPC, then lease back the premises with the required Regus services for as little as six months. The new venture will target blue chip companies with flexible leases and a property-by-property approach to pricing, which will assess the price according to the quality of the property and the proposed lease length.
If the scheme attracts a ‘significant percentage’ of the £140bn owner-occupier market, it could generate income of up to £100m pa.
Property Week 02/07/99 page 1
