IVG to develop offices in Glasgow

IVG's subsidiary Asticus Real estate is to develop two office buildings with a total area of 22,000 m[sup]2[/sup] in Glasgow, Scotland's largest city. The project is to be developed in partnership with the Scottish commercial property company Ediston Properties and will involve an investment of about EUR 110 mln. Completion is scheduled for April 2010. IVG Asticus' managing director David Gibson told German newspaper Immobilien Zeitung that the company is planning other investments in the UK.

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