Delancey in joint venture (jv) with Akeler has bought one of the biggest business parks in west London, Hammersmith Embankment, for more than £100m.
The jv intends to expand the park to create more than 700,000 sq ft of prime office space.
The projected scheme will have an end value of £350m.
The site was bought from Arlington Securities, the investment manager, and O&H Properties, a private group.
References: Financial Times Money & Business 29/01/05 page 2
