LUCRUM

This project created a new 50,000 sq ft office and retail scheme carried out in a joint venture with the site

freeholders, The Trustees of Christ's Hospital. The retail element was pre-let to Next plc for 25 years at £850,000 pa and the offices were taken by Hutchison 3g at £55.00 per sq ft for their new UK headquarters.

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Development finance was provided by Bank Austria Creditanstalt and the building was sold to the German Fund DGI in May 2002 for c. £35m creating a substantial development surplus.