| Ask secure Bury Townside funding |
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| Friday, 22 February 2008 | |
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Standard Life Investments' Long Lease Fund is to forward fund the first phase of AskBury's multi-million pound Townside development in Bury at a cost of approximately £30m. The first phase includes a new state of-the-art 50,000 sq ft primary care centre to be occupied on a 20 year lease by Bury Primary Care Trust and a 40,000 sq ft office to be occupied by Bury Council on a 25 year lease. The start on site of the PCT building, designed by architects Hurd Rolland, and the office and 380 space multi-storey car park buildings designed by Carey Jones, is due to begin in spring this year. David Burkinshaw, director at Ask Developments said: "Askbury is delighted to have secured a sale of the first phase of buildings to Standard Life Investments' Long Lease Fund. This is excellent news for the development and a vital step in the delivery of the commercial component of this major Town Centre Scheme. |
