Abstracts » Real estate industry

Cross-border raider

Article Abstract:

Thorough preparation is vital if a real estate deal is to be really successful, according to Morrison Developments Managing Director Don Macdonald. The company was originally a small concern based in the Scottish Highlands, but has recently expanded considerably. It opened an office in London, England, in 1996, and has made two deals in London. It aims to greatly reduce reliance on competitive tendering for construction projects, and hopes to generate 80% of its own workload by 2000.

Subdividers and Developers, Officials and employees, Real estate industry, Interview, Morrison Developments, Macdonald, Don

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Bold bid wins prime site for London & Regional

Article Abstract:

Gascoyne Holdings has accepted a bid of 3-4 million pounds sterling from London and Regional for 82-84 St Martin's Lane, London. This will allow the latter concern to step up its presence in the West End, where it now has a 125-year long leasehold. It plans to change the character of the area, and is considering a 65,000 sq ft mixed scheme including offices, a restaurant and a nightclub.

Investments, London and Regional Properties Ltd.

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Lloyds Bank to put City island site up for sale

Article Abstract:

Lloyds Bank is planning to put its building at 40-66 Queen Victoria Street, in the City of London, up for sale. The sale of the freehold site will go ahead once consent has been received from the Corporation of London for a planning application to expand the original design to 108,000 sq ft. Lloyds Bank does not intend to undertake the development work itself.

Commercial and Institutional Building Construction, Office Buildings, Banking industry, Office construction, Lloyds Bank PLC

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