Central London investor-developer Great Portland Estates has announced the acquisition of two developments in the West End of London and the formation of a profit share and debt structuring arrangement with Eurohypo to develop the properties. GPE has acquired the SPV entities which own Marcol House, 289-295 Regent Street and 23/24 Newman Street, W1 from Istithmar World for £10 mln (EUR 11 mln) upfront and a share of potential future profits.
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