A very British coup

Article Abstract:

It has become increasingly common in the UK for leading public limited companies to link with property concerns as a way of releasing cash from assets to pay for growth. Links of this kind allow property companies to gain access to large volumes of property in a single deal. British Land has already made a number of deals, the most recent being the 420 million pounds sterling link with Tesco in Mar 1998. US concern Cendant, which purchased National Car Parks in Apr 1998, is seeking a property partner to remove National Car Parks' assets from the balance sheet and release their value.

Management, Real estate industry

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Railtrack's Feltham site goes to British Land

Article Abstract:

The Post Office is planning to build an automated processing centre on a 10.5 ha site at Feltham East Goodsyard near Heathrow, England. The contract for the development work has been awarded to British Land and Madison Land. They will play around 283,286 pounds sterling per ha, and would therefore set rents of around 86.11 pounds sterling per sq mt. Rent levels will play a key role in the Post Office's final decision.

Public Mail & Express Services, Postal Service, U.S. Postal Service, Planning, Buildings and facilities, Post Office, Mail sorting

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C&A looks to fashion discounters

Article Abstract:

Clothes retailer C&A is moving out of the United Kingdom after losses of 250 million pounds sterling in 5 years. The company is seeking to dispose of 109 store sites in a rental market which is experiencing a glut of properties in 2000.

Economic policy, Contracts, Commercial buildings, C and A

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