Pan-European multi-let investment manager Valad Property Group has secured another two lettings of more than 9,500 sq ft (882 sq m) at its io centre development on Kimpton Industrial Estate, Sutton, Surrey.
International logistics firm Kuehne and Nagel have taken 7,535 sq ft (700 sq m) at Unit 17 at a rent of 9.75 psf for use as a local distribution centre whilst the 2,242 sq ft (208 sq m) Unit 3 has been let to a private individual at a rental of around 11 psf with a 12 month option to purchase the unit.
These lettings take the 91,000 sq ft (8,526 sq m) development, a joint venture between Valad and Schroders, to 50% occupancy within 18 months of its completion.
Andrew Slipper, Valad's joint Head of Development, commented, "Despite market conditions over the last two years, leasing at the io centre in Sutton has continued to gain momentum.".
more info from http://www.propertymall.com/press/article/22841
Valad appoints new CFO
Date: 17 May 2010 | Category: Appointment Valad Property Group, the pan-European multi-let investment manager, has appointed Fraser Kennedy as Chief Financial Officer, Europe. He takes responsibility for the companys EUR 4.5 bn of assets in 14 funds under management in Europe, plus all corporate finance functions across the companys European platform of 20 offices in 12 countries.
Kennedy was formerly Head of Fund Accounting and Reporting at Valad, working closely with its investors and negotiating debt facilities on behalf of Valads funds. Prior to joining Valad, he worked at Legal and General Investment Management and haysmacintyre. He holds a degree in law and is a Chartered Accountant.
Martyn McCarthy, Valad's CEO Europe, commented: 'It is significant that we have appointed the new CFO internally because Frasers experience with both our debt and equity partners is vital to Valad as we focus on expanding the companys fund and asset management operations across Europe. He knows our business extremely well and this continuity is important in maintaining an excellent service for all our customers.'
more info from http://www.propertyeu.info/index-archive/valad-makes-new-cfo-appointment/default.asp?page=1
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