Trendsetting with tradition
Article Abstract:
Equitable Life Chief Surveyor Paul Connellan has increased the size of the firm's property portfolio by going into partnership with other companies. He is unwilling to commit himself over property investment in Europe. Connellan plans to increase the value of the property portfolio to around 2 billion pounds sterling during 1999, from its value of 1.6 billion pounds sterling, when he took over in Feb 1998. He looks for at least a 7% running yield on net income from his investments. He has also overseen an increase in the amount invested in retail property which he felt was insufficient.
Publication Name: Estates Gazette
Subject: Real estate industry
ISSN: 0014-1240
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
Shop talk
Article Abstract:
Chartwell Land Managing Director Mark Creedy confirms the company has some 450 million pounds sterling worth of retail warehouses. But he anticipates returns from retail will be reduced. Chartwell had managed an average of 18% per annum as return on capital for shareholders. Creedy planned to launch Premier Retails Parks Partnership, an pooled investment fund, in 1996, but failed to come to fruition. Chartwell has two objectives, it finds new outlets for Kingfisher retailing concerns and manages 948 million pounds sterling worth of investment property.
Publication Name: Estates Gazette
Subject: Real estate industry
ISSN: 0014-1240
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Trading spaces. Sitting on the fast track to Europe. Survival of the fittest
- Abstracts: Turning its face to the sea. The talk of the town
- Abstracts: Stand by for action. Ground rules. Nice to get away from the rat race
- Abstracts: Brief encounter. Chiming with the mood. Crossing the Irish Sea
- Abstracts: DETR calls in Gateshead plan. Change of heart. Crisis of identity