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CGI Backs City Office Scheme

LONDON-City of London specialist Greycoat has secured funding from the German open-ended property fund Commerz Grundbesitz-Invest for its 102,376 sq ft office scheme at 10-15 Lombard Street, London EC3.

By Graham Parker | Updated on May 15, 2001

LONDON-City of London specialist Greycoat has secured funding from the German open-ended property fund Commerz Grundbesitz-Invest for its 102,376 sq ft office scheme at 10-15 Lombard Street, London EC3.

Greycoat bought the site from MEPC earlier this year, following MEPC’s decision to focus on business park development. Preliminary works have already begun on the Lombard Street site and the project is scheduled for completion in Spring 2003. Prior to the sale, MEPC had secured planning permission for a nine-storey development, including three basement levels, on the site of a former Post office and branch of Coutts private bank.

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