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M&G Real Estate provides £80m development finance for Quartermile

M&G Real Estate it is to provide £80m of development finance for Edinburgh city centre landmark development, Quartermile, owned by Moorfield Real Estate Fund III (MREFIII).
By James Wallace
June 30, 2014 | 6:11 P.M.

The deal enables Moorfield Group and Quartermile to speculatively develop the remaining two offices in the development, Quartermile 3 and Quartermile 4. It is believed to be one of the largest speculative office funding deals to have ever been undertaken in Scotland.

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