Managing nicely at CLS: active management is the name of the game at CLS

Article Abstract:

CLS Holdings is gaining a reputation for putting its active management principles into practice. It has shrewdly invested in the office sector, purchasing high quality high yielding buildings within the M25 area. Chief executive Glyn Hirsch, joined the company in 1995 with a background in corporate finance. The company acts to retain tenants by the early identification of space issues, and it likes to perform most functions in-house, retaining a full time lawyer and operating as its own main building contractor. It will only develop when preletting arrangements are in place, sharing costs with partners.

Management, CLS Holdings

---

Rosy outlook for property returns

Article Abstract:

There is likely to be a narrowing in the gap between bond and property yields, with property therefore offering better value than bonds, according to research by Legal and General Investment Management. Net rental value growth is forecast at 3-3.5%, taking account of overrentedness, compared with current market expectations of only 2.5%. The retail property sector will see particularly strong growth, benefiting from favourable economic conditions and consumer buoyancy.

Economic aspects

---

Banking on cash flow

Article Abstract:

Lending by UK retail banks to the property sector rose by 408 million pounds sterling in the first quarter of 1996, while lending by merchant banks was up by 17 million pounds sterling, according to a survey of 65 banks and financial institutions by Chesterton Research. The average property loan book increased to 450 million pounds sterling, from 340 million pounds sterling in 1995. Investment loans account for 88% of the loan book.

Finance

Similar abstracts:

• Abstracts: Making light work of new tower. On the sunny side of the street
• Abstracts: Turning its face to the sea. The talk of the town
• Abstracts: Family mattered. Salmon Harvester reaps the reward at Lyons site. Hard graft: who's coming out on top in the toughest regional development market for years?
• Abstracts: Back on the map. Nice day at the office, dear?
• Abstracts: A space odyssey: finding a building for Amoco's new European Services company turned into a major space planning and refurbishment exercise at the company's London Exploration office

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.