-
Grainger confirms interest in Parkdean Holidays
LONDON - Newcastle-based property company Grainger Trust PLC has confirmed that it is in takeover talks with caravan site operator Parkdean Holidays PLC in a deal that could potentially amount to £135 million.
Published
on :
Wed, 31 Dec 1969 17:52GMT
|
|
-
Shanghai Tower acquired by M. Stanley and Shanghai Dragon
The Shanghai World Trade Tower has been bought by the property branch of Morgan Stanley and a Chinese state firm, for a sum of $90 million. This is a surprise for the otherwise damp property market, and indicates a keen interest amongst investors even now
Published
on :
Wed, 31 Dec 1969 19:04GMT
|
|
-
Demand for commercial property lying low in UK
Considering the slowdown that has hit the property market, it is no surprise that the demand for commercial property in the UK has shelved, as figures suggest from the Royal Institution of Chartered Surveyors (RICS) state.
Published
on :
Wed, 31 Dec 1969 15:12GMT
|
|
|
|
-
British Land presents 17% profit gain with 15% asset appreciation
The second largest property group in the country, British Land Co. Plc., declared an increase of 17 percent in its underlying profits of the year, stating that its pre-tax profits had touched £174.8 million as compared to £149.4 million in the previous year. The earnings per share, meanwhile, scaled 9.9% high to 34.3p.
Published
on :
Wed, 31 Dec 1969 00:00GMT
|
|
-
Upsurge in demand for industrial property
In spite of a dreary retail market, an upsurge in the demand for commercial business property was noticed yet again in the sixth quarter in continuity with the last five quarters. A report by the Royal Institution of Chartered Surveyors (RICS) stated that a consistent rise in demand for business property caused chartered surveyors, who operated on commercial property, to expect further rent rises to hit a four year high.
Published
on :
Wed, 31 Dec 1969 00:00GMT
|
|
|
|
-
Market grows for commercial property
While the boom in UK’s housing market has long subsided, demand for commercial property in the UK, as the saying goes, 'is going through the roof'. Currently, commercial property is hot property in the UK and is expected to offer returns of around 10.5 percent. Investment in commercial property last year fetched much better returns than equities and bonds.
Published
on :
Wed, 31 Dec 1969 00:00GMT
|
|
