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Goldman Sachs (NYSE: GS) and Valad Europe have co-invested in a Dutch office and industrial portfolio in the Netherlands.
"That's predominantly been through Castle Business Park, which is the pre-eminent business park in Stirling - and that's about 2000 jobs," explains Andy Richardson, head of UK development for Valad Europe.
The pair, together with a group of individual private equity investors and South African institutions, will provide an initial capital of GBP50m to the joint venture, which will be used for the acquisition of strategic assets across the UK in lot sizes of between GBP5m and GBP10m, Valad Europe said.
Real estate investment manager, Valad Europe - which owns a mixed commercial property portfolio of assets located across the UK, said it was excellent news given the current climate.
Sheffield-based building and development company J F Finnegan, which bought the 25,000sq ft Elizabeth House from Valad for an undisclosed price earlier this year, has appointed the Leeds office of global property consultancy Knight Frank to jointly market the building with Bowcliffes.
Cheetham & Mortimer, a Manchester-based retail and leisure property consultant, acting on behalf of Valad, sold the building to a private investment company.
London, United Kingdom, August 27, 2010 --( Valad Property Group's European Fund Manager, Steven Tattersall, is to join forces with Caisson Investment Management and has been appointed as Chairman of the Caisson Group.
Acting on behalf of Valad, Sanderson Weatherall, jointly with King Sturge have recently either let or sold over 90,000 sq ft of space on Aycliffe Industrial Park.
Hardy pleaded guilty in November 2003 to murdering Sally White, 31, Elizabeth Valad, 29, and Brigette MacClennan, 34.
Shares in Valad Property (ASX:VPG) have been placed in a trading halt pending the outcome of a capital raising.
What we know of Rumi's life comes from three historical documents (hagiographies): 'Valad Nameh' ("The Book of Valad"), a narrative poetry by Rumi's eldest son, Sultan Valad (12261312); 'Risaleh Sepah-salar' ("The Treatise of Sepah-salar"), written by his disciple Feridoon Sepah-salar (death 1319); and 'Manaqeb al-Arefin' ("The Virtuous Acts of the Mystics") compiled by another disciple Ahmad Aflaki (death 1356).