Bourne again

Article Abstract:

Secondary shopping centres offer considerable potential, according to Bourne End Chief Executive David Roberts. He has made significant changes at the company since he was appointed in Apr 1997, focusing on selling offices and replacing them with shopping centres in regional towns. Bourne End now owns seven secondary shopping centres, with the three largest accounting for almost one-third of the company's 187 million pounds sterling portfolio. Roberts is still planning further property disposals.

Roberts, David (Distributor), Bourne End Properties PLC

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All the world's a stage

Article Abstract:

It is important to focus on property's financial attributes, according to Quintain Chief Executive Adrian Wyatt. He emphasizes that the company did not have a clear strategy of becoming a corporate raider, but feels that it has now become quite good at making acquisitions. He claims that he does not have a list of acquisition targets, and indicates that deals come through contacts with merchant banks. He is unwilling to reveal whether Quintain is now considering its next takeover target.

Quintain Estates and Development, Wyatt, Adrian

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No longer going Dutch

Article Abstract:

It is vital to be ruthless in deciding which assets to keep and which to sell on the basis of their ability to bring returns in the future, according to Rodamco UK head Chris Bartram. Rodamco UK, along with three other regional companies owned by Dutch property concern Rodamco, is set to be listed separately on the stock exchange in Amsterdam, Netherlands, in Jul 1999. Bartram emphasizes that his company adopts a multi-sector, opportunistic approach.

Bartram, Chris, Rodamco UK

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