Mergers in mind
Article Abstract:
Takeovers worth a total of around 500 million pounds sterling have been completed since Jul 1997 in the UK property industry, which is widely regarded as having too many quoted companies. Takeovers have become increasingly attractive as some companies' share prices have risen while those of others remain below their net asset values. Some vendors are leaving the industry because they have realized that they will never make much money, while others have been relatively successful but feel that property is becoming too risky.
Publication Name: Estates Gazette
Subject: Real estate industry
ISSN: 0014-1240
Year: 1998
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Greycoat: survival of the fittest
Article Abstract:
Property developer Greycoat has managed to avoid the problems which have affected fellow leading developers, and now has a net asset value of 453 million pounds sterling. It has undertaken extensive restructuring, but has decided to continue to focus on central London, which it sees as having most potential during the next three-five years. It still has three key central London properties, which account for more than 80% of its income and its value.
Publication Name: Estates Gazette
Subject: Real estate industry
ISSN: 0014-1240
Year: 1995
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Fermenta's Prior deal
Article Abstract:
European property business Prior is planning to invest in the UK. The business is chaired by Rolf Nordstrom and managed by Aubrey Glaser. Prior has been undergoing restructuring since former chairman, James Prior, was bought out in May 1996. Nordstrom also operates Fermenta in Sweden, for which there are holding company plans. Brief profiles of Glaser, Nordstrom, and Fermenta are included.
Publication Name: Estates Gazette
Subject: Real estate industry
ISSN: 0014-1240
Year: 1997
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