Towering ambitions

Article Abstract:

Wates City of London's purchase of British Petroleum's city offices Britannic Tower is expected to please city analysts who have for a number of years been displeased with the company's management. Wates has a reputation for undisclosed dealings which put off investors and badly affected the company's share price so that it dropped from 1.90 pounds sterling in 1989 to just 22 pence in 1992. Wates owns nine properties within London, many of which are jointly owned.

Open-End Investment Funds, Investment Funds & Trusts, Real estate agents and managers, Real Estate Management, Activities Related to Real Estate, HOLDING AND OTHER INVESTMENT OFFICES, Finance, London, England, Beliefs, opinions and attitudes, Investors, Company Profile, Wates City of London PLC

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There's gold in them thar sheds

Article Abstract:

London and Cambridge Properties has seen high returns on its investment in the late 1980s in run-down industrial estates in the West Midlands. It now owns 8 million sq ft of industrial estates, along with a number of shopping centres. It has shown that assets which many see as boring and old-fashioned can in fact be profitable, according to managing director John Davis.

Real Estate, Real Estate and Rental and Leasing, Investments, Real estate industry, Interview, Davies, John (British writer)

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