Space merchants
Article Abstract:
BT Property has focused strongly on disposing of surplus property since 1991, and is still selling off 232,250 sq mt a year. It is keen to establish a property portfolio that is closely aligned with the requirements of its employees, and for this reason has been building up its portfolio of Workstyle 2000 buildings, which have facilities for flexible teleworking and desk sharing. It is investing around 200 million pounds sterling a year in new buildings and in marketing future disposals. It has also created an internal market in property, acting as a provider of serviced space to all BT divisions.
Publication Name: Estates Gazette
Subject: Real estate industry
ISSN: 0014-1240
Year: 1998
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On manoeuvres
Article Abstract:
Weatherall Green and Smith won the contract to value UK Ministry of Defence (MOD) land and property on 3,000 different sites in 12 countries. The work was started in Dec 1996 and it took a team of 60 valuers to compete the project. The company used a special database to record the large amount of information gathered by the valuation team. The exercise was part of the UK government's Strategic Defence Review. Some 700 million pounds sterling worth of MOD land and property was nominated as being surplus to requirements.
Publication Name: Estates Gazette
Subject: Real estate industry
ISSN: 0014-1240
Year: 1998
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They came from beyond
Article Abstract:
Several major US property companies are expanding into Europe by merging with UK and European companies. The newly merged companies intend to become international providers of real estate services particularly for multinational corporations. Some UK property management experts suggest it may be difficult to provide an international service for Europe because of the differing property legislation in each nation. Some mergers have already gone ahead, such as the UK based Richard Ellis International with CB Commercial.
Publication Name: Estates Gazette
Subject: Real estate industry
ISSN: 0014-1240
Year: 1998
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