CBRE Investors has bought an office and industrial development in Newcastle from Caddick Developments for some £25.3 mln (EUR 36 mln), newspaper Property Week reported on Thursday. The property investment firm has acquired the Gateway West development, a 13-acre site at the entrance of One North East, a 250-acre regeneration site developed by Caddick Developments. Caddick is also developing Gatewey West on behalf of CBRE Investors and completion of the project is scheduled for February 2009. The scheme includes 180,187 sq ft (16,700 m2) of industrial space and 52,474 sq ft of offices.
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