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Guardian buys into Birmingham development

Guardian Properties has paid £8.5m for phase one of a developmentat Birmingham Business Park.

The scheme,Kings Court, was built as a joint venture between Arlington and AMP AssetManagement. It has an initial yield of 6.6%, and has been let to FirefoxInternational and Subscription Services on 15-year leases.

  • Financial Times 04/07/97 page 28 (News Digest)

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