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Real estate industry

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Hammerson pays cost of Bishopsgate refurb

Article Abstract:

Investing in the rebuilding of 99 Bishopsgate in the City of London has had a negative impact on the financial performance of Hammerson, which saw pre-tax profits fall by more than 9% to 32.1 million pounds in the six months to Jun 1996. However, it believes that there is growing demand for prime office space in the City of London, with top floors at Bishopsgate being let for 484 pounds sterling per sq mt. Acquisitions and higher retail rents have led to an overall rise in net rental income.

London, England, Buildings and facilities, Hammerson Property Group

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Conrad Ritblat positive on long-run performance

Article Abstract:

Conrad Ritblat Sinclair Goldsmith (CRSG) should benefit in the long term from reorganization, argues John Ritblat, chairman. The company reported a 10.5% rise in profit for the half year to Nov 1994. CRSG is a UK real estate agent which should benefit from a trough having been reached in UK fee reductions. CRSG acquired Oliver Kitchen and Flynn, a specialist in licensed real estate based in Leeds, England, in late 1994. The company is seeking tenants for office space in London, England.

Conrad Ritblat Sinclair Goldsmith

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British Land slows pace following a frenetic year

Article Abstract:

British Land has reported a 54% rise in its portfolio to 3.44 billion pounds sterling, but net assets per share are up by only 1%. In the year to Mar 1995, it make 380 million pounds sterling of individual property purchases, with pre-tax revenue profits rising by 9% to 58.6 million pounds sterling. It believes that it still maintains a well-geared acquisition programme.

British Land PLC

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