Ready to stand alone
Article Abstract:
Box Properties Founders Simon Miller and Richard Wise plan to focus on property investment in the retail warehouse market on the out-skirts of towns. The new venture is backed by James Ritblat Delancey which has invested 50% of the funding. Wise and Miller suggest some major firms will be looking for retail warehouse sites away from retail parks. They anticipate the demand for space is going to become more competitive. But they hope to keep their business relatively small. Miller and Wise both worked for Chartwell Land before setting up their own firm.
Publication Name: Estates Gazette
Subject: Real estate industry
ISSN: 0014-1240
Year: 2000
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Investors vote HITs a miss
Article Abstract:
Savills Finance had aimed to raise 80 million pounds sterling through its Residential Property Trust, the first quoted Housing Investment Trust (HIT) in the UK. However, it has had to abandon the launch following the withdrawal of two key investors. Observers believe that HITs have an uncertain future. Both the RICS and the British Property Federation have expressed concern about the impact on HITs of the government's removal of tax credit relief for pension funds.
Publication Name: Estates Gazette
Subject: Real estate industry
ISSN: 0014-1240
Year: 1998
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Asda's dynamic duo carry on regardless
Article Abstract:
The senior management at Asda Property review their property portfolio each month. They are planning to sell 10 million pounds sterling worth of small commercial properties during 1999. They are also planning to use 47 million pounds sterling for investing in new development during 1999-2002. Founder and Chairman Manny Davidson oversees all investments but the company is run by Group Property Director Patrick Ranger. The company had a turnover of 34.3 million pounds sterling in 1998, with pretax profits of 11.3 million pounds sterling.
Publication Name: Estates Gazette
Subject: Real estate industry
ISSN: 0014-1240
Year: 1999
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