Hercules begins to reveal its strength
Article Abstract:
Hercules Property is quoted on the United Kingdom Alternative Investment Market where it is a strong performer. The company has seen a rise in its stock price since it was demerged from Safeland. The residential investment market provides much of Hercules' turnover, and is not affected by business cycles. Hercules is also involved in more cyclical commercial real estate, and in real estate insurance through Heritage, an intermediary in this activity. Hercules' pre-tax profit is forecast at 1.83 million pounds sterling for 1997 to 1998 by Raphael Zorn Hemsley.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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Moorfield buoyed up by innovative ideals
Article Abstract:
Moorfield Estates in a UK real estate investor which expanded through buying industrial, office and retail assets in 1994 including a retail park in Lowestoft, England. The company is also developing motion picture theater complexes with UCI, a motion picture theater operator, and plans a warehouse development in Teesside, England. Debts have risen but earnings cover interest payments and speculative projects have been avoided. The company is a possible target for bids due to the attractions of its portfolio.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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Shift to renting
Article Abstract:
City North is a real estate company which buys sites in central London, England, to be developed rented out to younger tenants. There has been a trend toward living in rented accommodation among people aged less than 30-years-old, who have been affected by rising housing prices. There is also a demand for apartments in central London in order to avoid commuting. The company has maintained occupancy levels at 98% since it carried out a stock flotation. City North plans to expand its real estate portfolio.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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