Value in marriage
Article Abstract:
Quintain Estates and Development Chief Executive Adrian Wyatt plans to continue the company's purchasing strategy into 1998 and to raise the company's gearing from 48% to 100%. Quintain's property portfolio was worth some 212.2 million pounds sterling in 1997. It's market capitalisation was valued at 135.4 million pounds sterling in 1997 which is a rapid increase from its value, of 50 million pounds sterling, in 1996. Wyatt enjoys working on complex deals. He was able to make a 2.5 million pounds profit from selling part of an acquisition he made 120 days previously, in Jun 1997.
Publication Name: Estates Gazette
Subject: Real estate industry
ISSN: 0014-1240
Year: 1997
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Safe as houses
Article Abstract:
Charles Church Chief Executive Nick Smith suggests the house building market has stabilised even though there are fears of a economic decline in the UK. Charles Church has benefitted from the financial backing of the Beazer Group, which has led to an increase in the number of prestige housing developments they are able to work on at one time. Staff numbers have risen from 60 in 1996 to 140 in 1998, with 25 sites being developed in 1998 compared to only eight in 1996. The company was started in 1966 and was purchased by the Beazer Group in 1996, for 35.2 million pounds sterling.
Publication Name: Estates Gazette
Subject: Real estate industry
ISSN: 0014-1240
Year: 1998
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Replacing the tigers
Article Abstract:
Housing developers in London, England, are facing considerable challenges as domestic consumer confidence wanes and demand from the Far East declines. Efforts have been made to replace Far Eastern purchasers with purchasers from the Middle East, but there has only been limited success so far. Some developers are turning to Ireland as a potential source of purchasers, as the Irish economy has been boosted by European Union subsidies and extensive inward investment.
Publication Name: Estates Gazette
Subject: Real estate industry
ISSN: 0014-1240
Year: 1998
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