Small fry swim against the tide
Article Abstract:
Small quoted property companies have been criticised by larger firms who suggest many are not worth purchasing. Some 40% of 100 quoted property firms are valued at under 25 million pounds sterling. Estates Agency recorded profits of 2 million pounds sterling in 1998, increasing from 710,000 pounds sterling in 1993. The shares are owned by the Endeavour family trust and the Rosefield family. Stockbourne has improved its profit making abilities since two new managing directors brought 15% of shares in the company. Cardiff Property specializes in buying property in the Thames Valley Corridor.
Publication Name: Estates Gazette
Subject: Real estate industry
ISSN: 0014-1240
Year: 1999
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Quoted conundrum
Article Abstract:
Some financial experts suggest it is unlikely the Freshwater family will make their company wholly private despite owning 80% of the shares. The shares are held in a number of charitable trusts. The Freshwater family's wealth is valued at around 350 million pounds sterling. They are known to be conservative in their deals preferring high yielding properties. The company was founded by the present chairman and managing director's father in 1959. Pretax profits for 1999 was 28.6 million pounds sterling compared to 1998 when pretax profits stood at 27.1 million pounds sterling.
Publication Name: Estates Gazette
Subject: Real estate industry
ISSN: 0014-1240
Year: 1999
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Plus ca change
Article Abstract:
Industry experts suggest the introduction of the euro will help to stimulate property markets of the members of the European Monetary Union (EMU), which may be detrimental to investment in the UK. Yet some 3.2 billion pounds sterling was invested in UK property, by foreign investors, during 1998. Some observers anticipate tenants will demand greater flexibility of use in their office space and many companies will try to maximize the use of their offices. The UK's position outside the EMU may impact British investors wanting to invest in the property markets in Europe.
Publication Name: Estates Gazette
Subject: Real estate industry
ISSN: 0014-1240
Year: 1999
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