Salmon secures Ascot business park funding

Salmon Harvester Properties and joint venture partner Raspin Properties have secured an £11.75m development facility from German bank Westdeutsche ImmobilienBank for a 100,000 sq ft business park in Ascot, Berkshire.   The Ascot Business Park comprises 45,000 sq ft of offices and 50,000 sq ft of industrial and workshop space close to Ascot Rail Station, a short distance south of Ascot Racecourse.   Completion of the industrial units is scheduled for November this year with 70% already sold off plan. Construction of the office space is due to be completed in February 2009.   King Sturge Property Finance, acting on behalf of Salmon Harvester Properties, in joint venture with Raspin Properties, has arranged the development facility.   Joint letting and sale agents for the scheme are Savills and Wadham & Isherwood. paul.norman@rbi.co.uk