A view with their rooms

Article Abstract:

Property developer Argent is involved in two city-centre, mixed-use schemes in London and Reading, says its chief executive Roger Madelin. The company, which belongs to Hermes' British Telecom Pension Scheme, is partnering Berkeley Homes at London's Kings Cross to be the preferred developer for a 20.2 ha site which will not be developed until at least 2005. It is also to build a 60,000 sq ft residential and 100,000 sq ft office tower overlooking a new public space in the centre of Reading.

Planning, Real estate developers, Argent Group PLC

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What goes up

Article Abstract:

The UK property market experienced a period of prosperity and growth from the mid-1980s, with the banks lending an increasing amount of funds. Property values were constantly rising and therefore it was seen as financially astute to become involved in the property market. Large areas of London was redeveloped to provide new office space for the growing financial sector whilst some industries, such as the newspaper companies, moved out of central London. The 8m sq ft Canary Wharf building was sold for 3 billion pounds sterling in 1987.

Land Subdivision and Land Development, Investment Banking and Securities Dealing, Investment Banking, Subdividers & Developers, Commercial Buildings, Security brokers and dealers, Subdividers and Developers, United Kingdom, Finance, Investment banks, Real estate investment, Real estate investments, Real estate development, Commercial construction

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Liquidation time

Article Abstract:

It seems possible that continued economic problems in Japan will prompt Japanese companies to sell off their property holdings in London, England. Several high-profile buildings owned by Japanese companies in the centre of the city have already been put up for sale, and this trend is likely to expand. Japanese concerns will benefit from the fact that the property market is stronger at present than it has been at any time since the late 1980s.

Office Buildings, Management, Office construction, Foreign business enterprises

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