Kenmore, La Salle set up new joint venture

Kenmore has sold the Concorde Park office building in Maidenhead, some 40 km west of London, for £15.25 mln (EUR 22.3 mln). The UK commercial property company has also set up a new joint venture with the global real estate manager LaSalle Investment Management to fund the refurbishment of the property. 'This is the first of a number of opportunities currently being considered by the new joint venture', Kenmore said in a press release. Last month, Kenmore sold another asset in Maidenhead for £16 mln.

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