Lands in bigtime
Article Abstract:
Wiggins Group was acquired by Oliver Iny, its chief executive, who also owned priavte schemes such as former mental hosptal sites. Wiggins has sold land from a site close to Lincoln, England, to housebuilders, and has retained 6 acres for developments including a hotel and apartments. The company will be able to develop more of its sites following the success of the Lincoln venture. Other successes include the sale of 20 acres of a site in Kent, England, to a US company. The company should make a minimum of 100,000 pounds sterling for every acre that can be built on from its land bank.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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Unfair discount
Article Abstract:
Estates and General is a real estate company which suffered financial problems in the early 1990s leading to losses, which mean that the company should not have to pay corporation tax for some years. Estates and General should report a profit for the fourth consecutive year in 1999, and falls in United Kingdom interest rates should benefit the sector. The company specialises in offices, and has a vacancy rate for its properties of 1.5%. The company's profit is forecast at 2.8 million pounds sterling for 1999 by Sutherlands.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1999
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New horizons
Article Abstract:
Dares Estates is a real estate company that has seen a drop in its stock price. Mark Keegan has taken over as chairman and he has a record of acquiring companies that he cleans up prior to selling his stake. He has appointed Joram Szerkowski as managing director, and the company has sold several investment properties. Keegan sees potential for enhancing Dares' portfolio by improved management. The stocks represent a speculative investment which could bring greate rewards.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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