No fizz from whizz-kids

Article Abstract:

Stock prices of United Kingdom entrepreneurial real estate companies are likely to be affected by concern that key figures could leave, following the departure of Burford chief executive, Nick Leslau. A real estate head noted that such companies involve illiquid stock, salaries may be too high, and the companies are not always performing well. Fund managers note that there are risks when stock prices are linked to an individual entrepreneur who may not be tied to the company. Grantchester and Chelsfield are among companies affected by a drop in premiums, and more real estate companies are likely to see departures.

Officials and employees, Appointments, resignations and dismissals, Burford, Leslau, Nick

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Property

Article Abstract:

The South African real estate industry should see a rise in rents of between 15%and 20% in 1996. This compares with inflation forecasts of 8% for that year. Property Unit Trusts (PUTs) area way of investing in this sector. They are governed by the 1981 Unit Trust Control Act. Units can be sold through the Johannesburg Stock Exchange (JSE). Investment risks are lessened by their not being able to mortgage real estate. The real estate industry is likely to benefit from political stability after elections in 1994.

Economic aspects, South Africa

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Slow recovery for property: there are tentative signs that the property market may be on the mend. Recovery may start to come through in the second half of this year

Article Abstract:

A survey from the Confederation of British Industry and Grimley, property advisers, indicates that almost one third of companies are planning to increase their property holdings. This could evenutally lead to an improvement in capital values. Confidence in the commercial property market has risen slightly during the past six months and the survey shows that there will be increased demand for property from smaller companies who are looking to increase their workforces.

Surveys, Real property

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