Lure of the retail goldmine
Article Abstract:
Some observers suggest the increased number of investments into UK shopping centres will not be maintained in 1999, as the economy slows down. The market has been very active due to a fall in the cost of borrowing and good returns from the sector. Some 76% of deals to purchase shopping centres, during 1998, were for those costing less than 40 million pounds sterling. Many of the large deals involved joint ventures. The Prudential invested 700 million pounds sterling in shopping centres during 1998. Some 85 shopping centres changed hands in 1998, worth 3.1 billion pounds sterling.
Publication Name: Estates Gazette
Subject: Real estate industry
ISSN: 0014-1240
Year: 1999
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In long-term care
Article Abstract:
Sales of unwanted National Health Service (NHS) property was worth 264 million pounds sterling in 1996. NHS Estates handles the disposal of superfluous NHS stock such as unused hospitals, warehouses and nurses accommodation. It is predicted that NHS Estates will sell its current range of hospital buildings for 1.3 billion pounds sterling. Money raised from property sales is returned to the NHS to make further investment in capital projects. NHS Estates is undertaking a new joint venture to develop land ready for occupation.
Publication Name: Estates Gazette
Subject: Real estate industry
ISSN: 0014-1240
Year: 1997
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Shopping centres credit loyalty
Article Abstract:
The decision by Capital Shopping Centres (CSC) to launch a credit card in Sep 1996 is a sign that even the largest shopping centres are aware of the need to constantly innovate in order to remain competitive. CSC hopes that the card will retain and boost the appeal of the Lakeside shopping centre to shoppers, and that it will also allow the company to establish a large database of customer information. This will be expanded when the card is launched at CSC's other shopping centres in the UK.
Publication Name: Estates Gazette
Subject: Real estate industry
ISSN: 0014-1240
Year: 1996
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