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Berkley Buys Prime london Area Sites - The Financial Times July 09

Berkley has started buying land inthe stockbroker belt and prime parts of London that is shied away from since the 1990's, as falling prices open up sites previously considered uneconomic to develop.

The group, which built up a reputation in the 1980's for developing executive homes in the Surrey commuter belt, has bought plots in Weybridge, Effingham and Sunbury in recent months.

It has also made several moves into the prime London market. An office block in the Strand  has been bought for conversion into housing, While the sale of a Metroplitan Police-owned block in Belgravia has also been agreed.