GPE takes on its critics
Article Abstract:
Great Portland Estates (GPE) performed well in 1997 to 1998, with two large off-market corporate acquisitions allowing it to gain control of a large amount of prime property in the West End of London, England. Its shares underperformed the sector for a long time, but have enjoyed a revival recently. However, most analysts feel that GPE's share price is between 21% and 23% lower than the nav per share, compared with lower discounts for other leading property companies. Its occupancy rate is 99%, and net rents rose by 8% to 55.9 million pounds sterling in the six months to Sep 1998.
Publication Name: Estates Gazette
Subject: Real estate industry
ISSN: 0014-1240
Year: 1999
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The American's dream
Article Abstract:
American real estate developer Gerald Hines is committed to the expansion into Europe of his firm, Gerald D Hines Investments, and is even moving his family to London, a move which he regards as an adventure. His company's strategy is based heavily on international expansion, and Hines is already involved in several European projects. Hines has built up a $10 billion property empire, which is based on his desire to build problem-free, efficient buildings which offer value for money and yet also contribute to the environment of the communities in which they are located.
Publication Name: Estates Gazette
Subject: Real estate industry
ISSN: 0014-1240
Year: 1996
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An industrious route
Article Abstract:
Saville Gordon and Ashtenne are both selling off large parts of their portfolios into investment funds. This allows them to obtain cash and to retain a stake in the properties, as well as benefiting from performance-related fees for managing the properties. This approach is being emulated by other property companies.
Publication Name: Estates Gazette
Subject: Real estate industry
ISSN: 0014-1240
Year: 2001
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