Positive punchlines

Article Abstract:

Morgan Stanley Executive Director John Carrafiell, at the 1998 Association of Property Bankers conference, asserted the European Monetary Union members will have low interest rates for a long period. He suggested the UK economy was not about to go into recession. Value Retail Chief Executive Scott Malkin pointed out property bankers must be willing to work with companies and be prepared to take risks. Economist Professor Tim Congdon suggested if the Japanese failed to organize their banking system it will threaten the global economy but otherwise the UK economy would continue to grow.

Banking Institutions, Depository Credit Intermediation, DEPOSITORY INSTITUTIONS, Banking industry, Conferences, meetings and seminars, Officials and employees, Banks (Finance), Beliefs, opinions and attitudes, Real estate investment, Real estate investments, Economists, Businessmen, Morgan Stanley Group Inc., Bankers, Malkin, Scott, Value Retail, Congdon, Tim, Carrafiell, John

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Players in the parks

Article Abstract:

Pillar Property plan to continue to build up their portfolio of retail warehouse parks and are waiting for planning permission to construct a new retail park at Fulham Broadway, London, England. When Pillar Property was floated on the stock market, in 1994, it held distribution, office and retail outlets, worth 352 million pounds sterling. Its turnover for 1998 reached 59.8 million pounds sterling, with profits of 20.7 million pounds sterling. The management have bought 11 retail parks and invested in other parks whilst selling their interest in offices, shops and warehouses.

Management, Investments, Company Profile, Shopping centers, Pillar Property PLC

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