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Requiem for a huntin', shootin' and fishin' family firm

Article Abstract:

Slough Estates has made a bid for Bilton, set up by Percy Bilton, since deceased, in 1936. A 29.4% stake in the company is held by the Glenhazel Investment Trust for Bilton family members. A bid is likely to need the backing of Glenhazel in order to succeed. The company has been run by Ron Groom since the death of Percy Bilton in 1983, and Groom resigned in 1992, becoming a non-executive director, but returned in 1995 in the roleof joint managing director. Divisions in the Bilton family have arisen, with one faction seeking to remove Groom from Glenhazel.

Publisher: FT Business
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
Slough Estates PLC, Percy Bilton PLC

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Chesterton International: back into the fold

Article Abstract:

Chesterton International has acquired Chestertons Residential, an estate agency which it sold in the 1980s. Chesterton is acquiring the company from Woolwich Building Society for 8 million pounds sterling. Chesterton sold the estate agency to Prudential and it was later acquired by Woolwich. The deal brings the amount spent by Chesterton on acquisitions to almost 22 million pounds over a 15 month period. The acquisitions are likely to help results for 1996 to 1997 rather than the previous year.

Publisher: FT Business
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
Chesterton International Inc., Chestertons Residential

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Broadgate poser for British Land

Article Abstract:

British Land's acquisition of collapsed property company Stanhope gave it half of the Broadgate office block. The owner of the other half, Rosehaugh, went into receivership in 1992 and if British Land wanted to purchase Rosehaugh's half it would be takong on debt of around 800 million pounds sterling to take full control.

Publisher: FT Business
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
British Land Company PLC

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Subjects list: Mergers, acquisitions and divestments, Real estate industry, Real estate
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