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MWB Business Exchange - Three more office leases acquired

August 2007

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • MBE
  • Price:
  • 172p
MWB Business Exchange has made good progress in expanding its estate with leases over three more offices being acquired, adding an additional 87,000 sq. ft. of space, 980 workstations and taking the number of centres to 57. All three are located in central London and include the former Basil Street Hotel in Knightsbridge, which will be converted into a 34,000 sq. ft. business centre following a major refurbishment. The second new unit is a building in Old Broad Street (also 34,000 sq. ft), right next door to Liverpool Street station, while the third is a 18,500 sq. ft. site in the landmark city tower building at Basinghall Street. The latter has been acquired through a profit sharing joint venture with PRUPIM. ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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