Pie in the sky or a dream come true?

Article Abstract:

Olympia and York Canary Wharf Ltd's ambitious property development in London's Docklands is encountering financing difficulties in the face of a depressed commercial property market and a recessionary climate that has made refinancing negotiations extremely difficult. The Canary Wharf project, conceived as London's third business district, has cost the British subsidiary of Canadian developer Olympia and York (O&Y) almost 1.5 billion pounds sterling with another 2.5 billion pounds sterling needed to complete the 5-phase, 27-building development. O&Y Canary Wharf Ltd Financial Dir Bob Speirs, however, maintains that the project remains on track and notes that O&Y's billionaire founders, the Reichmann brothers, remain deeply committed to transforming the development into a prestigious alternative to London's traditional business districts in the City and the West End.

Subdividers and developers, not elsewhere classified, Planning, Real estate developers, Investments, London, England, Buildings and facilities, Central business districts, Reichmann, Paul, family, Speirs, Bob, Olympia and York Canary Wharf Ltd.

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Singapore: fishing village spawns total business centre

Article Abstract:

Singapore is billing itself as a 'total business center.' This self-title seems justified considering the city-state's economic success, political stability, first-world infrastructure, educated labor force, ultra-modern business services and stable currency. Singapore, a sleepy fishing village before being claimed as a British trading post in 1819, has been cited as the most competitive newly-industrialized economy as well as having the second best economic performance in the world, next only to Taiwan. Since 1960, GDP has been growing at an average of 8.4% annually in real terms. Per capita income has grown to 22,287 Singapore dollars in 1991, while the unemeployment rate has dropped to under 2%. There are strong indications that the Lion City may soon obtain the developed nation status it has long desired.

Economic aspects, Cover Story, Singapore

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Not a Mickey mouse organisation

Article Abstract:

Disney Co Chief Financial Officer Judson Green was recruited from Arthur Young and Co to become part of the new management team put in place in the mid 1980s by chair Michael Eisner. Green is also senior VP of finance for the EuroDisneyland project. The French government has extended many incentives to Disney, including: management fees; tax breaks; and soft loans. Under the financial structure of EuroDisneyland, Disney retains 49% of shares. Half of the remaining shares went to French investors, 25% to UK investors, and the rest to other European Community investors. Scarcity has driven the price of shares up from $60.5 to $114 in less than a year. Green believes EuroDisneyland will be a success due to its flexible financing structure and the international appeal of Disney product.

Finance, France, Accounting, Eisner, Michael D., Disneyland Paris, Green, Judson

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