Search
 

Arlington Splits in Three to Embrace Asset Management

LONDON-Arlington's three main shareholders have stumped up cash to be part of a new three-tiered company that will run UK, European and International developments. It will also make Arlington a specialist real estate management and service business

By Charlie Jacoby | Updated on July 15, 2003

LONDON-Business Park owner, developer and service provider Arlington Securities has restructured its £800-million UK asset base in order to become less of traditional developer and more of a 21st century asset manager. It has also pulled in a reported extra £50 million investment from its main shareholder Legal & General.

Arlington was owned jointly by Legal & General, affiliates of PRICOA Property Private Equity Limited and Akaria Investments. They have now split the company into three, dealing with three UK, European and International developments.

This restructuring will also enable Arlington to realise its long-term strategy to create a specialist real estate management and service business, generating revenue from its development and management activities, from the delivery of its support services to customers on and off its business park developments and from fund management services.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.