Bradford's home sweet home
Article Abstract:
Unlike many firms in the industry, property investor Bradford Property Trust has concentrated much of its business in the residential sector. The company has 9,000 homes on its books, with the average age of the tenants being 65. Average value per unit is some 60,000 pounds sterling when vacant, with the potential value of the residential portfolio being about 54 million pounds sterling. Commercial property on the books is valued at 32 million pounds sterling. Bradford's property portfolio is mainly focused on London and southern England. It is also involved in a small way with property development.
Publication Name: Estates Gazette
Subject: Real estate industry
ISSN: 0014-1240
Year: 1995
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Fairbriar emerges from the grave
Article Abstract:
Property developer Fairbriar, based in southern England, was a victim of the economic recession and went into administration in March 1991 with a pretax loss of 64 million pounds sterling. The company is being restructured under new chairman Derek Hankinson and in 1993 Fairbriar had fixed assets of 23.1 million pounds sterling. Old assets are being sold to finance the purchase of new development stock. Fairbriar specialises in developing schemes that other builder-developers have turned down because of difficulties associated with their development.
Publication Name: Estates Gazette
Subject: Real estate industry
ISSN: 0014-1240
Year: 1995
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Helical - ready to take off again
Article Abstract:
Property developer Helical Bar has seen considerable financial difficulties over recent years. It is still facing high overheads and interest as it builds up its development programme, but is confident that it can look forward to a strong future. Its shareholders are likely to beginning seeing high income levels soon, and the company also has the potential to boost its retained earnings, even if property values do not rise over the next few years.
Publication Name: Estates Gazette
Subject: Real estate industry
ISSN: 0014-1240
Year: 1996
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