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Location: Area: Start on Site: Practical Completion: Project Value: Financial Partner:
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Town Centre, Portsmouth 84,000 sq.ft. May 1988 July 1990 £10 million Security Pacific Euro Finance
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ST ANDREWS COURT PORTSMOUTH
A town centre development constructed in two phases.
Phase I, a development of seven office buildings, was sold prior to completion to the Secretary of State for the Environment as a new District Land Registry.
Phase II was pre-let and specifically designed for the Land Registry. An option to purchase was required and sophisticated financing enabled this option to be exercised on Practical Completion.
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