Slough Estates eyes Italian and Spanish expansion

Slough Estates has announced that Spain and Italy will be 'target countries' in 2007. The UK company is keen to boost its regional presence in these two markets after entering them in November 2006 through a sale-and-lease-back deal with Antalis. 'This year obviously Spain and Italy will be high on our agenda because we have now made a modest entry into those two countries,' ceo Ian Coull said during a conference call to present the company's final year results. Coull added that Slough Estates is 'very interested' in developing its property portfolio in clusters around major business centres across the continent.'

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