Stanhope takes steps to unravel joint ventures
Article Abstract:
Stanhope Properties is withdrawing from some joint ventures following an agreement with British Land which has bid for Stanhope. The withdrawals are a condition of the bid. JVs affected include Stanhope Kajima, and Stanhope's stake in the venture will be taken over by Kajima. Other joint ventures which could be affected include the Trafalgar Chiswick Partnership. Stanhope's stake could be taken over by Trafalgar House. Stanhope had begun to withdraw from JVs prior to the offer from British Land.
Publication Name: Estates Gazette
Subject: Real estate industry
ISSN: 0014-1240
Year: 1995
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Securitisation hinges on new tax breaks, says IPF
Article Abstract:
Securitised property vehicles will only be successful if the UK government is prepared to ensure tax transparency, according to the Investment Property Forum (IPF). It is vital that the flow of funds out of the property sector is halted, as this will eventually create much larger problems for the economy as a whole. The government must realise that a tax-transparent vehicle will not necessarily lead to a decline in tax income.
Publication Name: Estates Gazette
Subject: Real estate industry
ISSN: 0014-1240
Year: 1995
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Maxted launches company backed by heavyweights
Article Abstract:
Albion Property Investments is a new company formed by Robert Maxted, formerly with Pillar Properties. It will have almost 45% held by Legal and General and Burford Holdings, with funding also having been received from BZW, Helaba, Wurttemberger Hypo and Norwich Union. Properties contributed by Burford and Legal and General will bring income of 4.7 million pounds sterling a year.
Publication Name: Estates Gazette
Subject: Real estate industry
ISSN: 0014-1240
Year: 1995
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