Retail market
Article Abstract:
London retail outlets demand the highest rents in any European city, with prime areas achieving rents of around 250 pounds sterling per sq ft, in Dec 1997. Over 50% of respondents wanted leases of between 16-25 years. The size of the building was a vital factor for 43% of respondents. The majority of retailers felt customer spending would increase during 1998. Whilst 100% of those questioned felt multi-entertainment centres were underrepresented in the City. Some 30 senior executives of major leisure and retail companies in London, England, were interviewed via the telephone.
Publication Name: Estates Gazette
Subject: Real estate industry
ISSN: 0014-1240
Year: 1998
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Worth their wedges
Article Abstract:
The Estates Gazette study of UK property executives' salaries found that the levels of pay varied enormously, with some receiving only 1% of company profits whilst others were awarded 22%. Company directors, who are active in increasing profits, are often awarded bonuses. Helical Bar Chief Executive Michael Slade earned 1.07 million pounds sterling in 1997, and was the highest paid property executive in the UK. Some 1.2 billion pounds sterling was made in profits, before tax, by around 100 quoted property businesses but only 5% of the total was paid to their directors.
Publication Name: Estates Gazette
Subject: Real estate industry
ISSN: 0014-1240
Year: 1997
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