Continental divide

Article Abstract:

A study of 27 UK fund managers found 60% would favour finding a partner before investing in Europe. Some property firms have decided not to move into Europe and are content to stay in the UK market. Whilst other smaller firms may have to find partners, in order to survive in the larger European market. Land Securities intends to remain in the UK. Whilst Dutch Developer MAB Chairman Ton Meijer finds investing throughout Europe has been made easier with the introduction of the euro. Hammerson has concentrated in investing in quality shopping centres in a few locations within Europe.

United Kingdom, Europe, Foreign operations

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Corporate partnering

Article Abstract:

GVA Grimley Prospective Chief Executive Michael Corbett has plans to improve the firms share of business in London by some 50%. He confirms the property company is always considering buying other companies. He also admits GVA needed to make some changes after underperforming in the early 1990s. Corbett points out the company has no plans to float on the stock market. The partnership plans to change its style of management hence the appointment of a new chairman and chief executive. Corbett will take on his new role during May 1999.

Executives, Company Profile, GVA Grimley, Corbett, Michael

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