Cornering the market

Article Abstract:

Formula One Owner Bernie Ecclestone plans to float around 50% of his equity on the stockmarket whilst retaining a 30% holding. The new company will be called Formula One Holdings and it is predicted that it will be worth between 1.5 billion-2 billion pounds sterling. Advertisers wish to make motor racing more popular by increasing the number of countries who hold Grand Prix races. Plans to ban tobacco advertising may force the Formula One management to race in countries such as Malaysia where a ban has no affect. Formula One has plans to move into merchandising and developing restaurants.

Management, Company Profile, Grand Prix racing, Automobile racing, Formula One Management Ltd.

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Quay proposals: The Gunwharf Quay project proposes to transform 33 acres of MOD land in Portsmouth Harbour into a leisure and retail attraction with huge tourism potential

Article Abstract:

Gunwharf Quay in Portsmouth is be developed by Berkeley Commercial and Lordland. Lordland is a South African developer, and its Victoria and Alfred Waterfront development in Cape Town attracted 19 million people in its first year. The Gunwharf Quay development is a mixed-use scheme on a former MOD site and will be central to the Portsmouth Harbour Millennium scheme. It will include a Designer Direct factory outlet centre, a multiplex cinema, nightclubs, restaurants, residential units and a hotel. It will benefit from good transport links in the area, and the proposed LRT station.

Marine cargo handling, Ports, United Kingdom, Remodeling and renovation, Waterfront development, Portsmouth, England, Wharves

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The city that never sleeps

Article Abstract:

The Deansgate area of Manchester, England, is becoming extremely popular as a leisure destination for tourists, students, office workers and residents. Public houses, restaurants and other leisure facilities are in great demand, and average rents are expected to rise to approximately 85 pounds sterling per square foot. The city is well-known for being lively, entertaining is open at all hours. More leisure developments are expected to be built in response to the increased demand.

Services, Leisure industry, Manchester, England

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