City speculates on MEPC's future

Article Abstract:

UK property company MEPC's failed merger discussions with prospective buyer Hammerson has prompted investment analysts to anticipate further negotiations in the City. MEPC has performed poorly in recent months. Its net asset value dropped by seven pence to 4.50 pounds sterling in Dec 1997. Company attempts to persuade shareholders of its bright future have been unconvincing. Many believe that former finance director Jim Beverage should not have left the company.

Hammerson

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Colliers scoops joint worldwide Microsoft deal with JJ Studley

Article Abstract:

Microsoft is expected to appoint Colliers International and Julien J Studley as its property advisers worldwide. JJ Studley will be responsible for Microsoft's US requirements, while Colliers will cover the rest of the world. Microsoft currently uses over 650,000 million square metres of office space, and growth is expected in the Far East. Colliers is expected to be requested to find around 12 properties for small sales offices in Europe.

Microsoft Corp., Contracts, Real estate management, Buildings and facilities, MSFT, Julien J. Studley Inc., Colliers International Property Consultants Inc.

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MEPC rethinks global strategy

Article Abstract:

MEPC is increasingly concerned about the future of European property markets, and has therefore decided to focus on the US and Australia, selling off its 167 million pounds sterling continental European portfolio. This is a change from the company's previous strategy, which aimed to increase the share of European holdings in its total property assets from 5% to 20%. The properties will be sold individually or as a portfolio.

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