Markborough Properties Inc. Announces Sale of Thames Court.

Business Wire | February 21, 1997 | Copyright

TORONTO--(BUSINESS WIRE)--Feb. 20, 1997--(TSE,ME:MPI) Markborough Properties Inc. announced today the completion of the sale of the project under development at Thames Court in the City of London England, and signed a development agreement to complete and lease the project on behalf of the German Open-Ended Real-Estate Fund DIFA Fonds-Nr.1. The sale is consistent with Markborough's strategic divestiture of assets to reduce debt and to focus on Canadian income-producing properties. Over the past year Markborough's asset sales have totalled approximately $400 million.

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