GPE takes on its critics

Article Abstract:

Great Portland Estates (GPE) performed well in 1997 to 1998, with two large off-market corporate acquisitions allowing it to gain control of a large amount of prime property in the West End of London, England. Its shares underperformed the sector for a long time, but have enjoyed a revival recently. However, most analysts feel that GPE's share price is between 21% and 23% lower than the nav per share, compared with lower discounts for other leading property companies. Its occupancy rate is 99%, and net rents rose by 8% to 55.9 million pounds sterling in the six months to Sep 1998.

Great Portland Estates PLC

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The American's dream

Article Abstract:

American real estate developer Gerald Hines is committed to the expansion into Europe of his firm, Gerald D Hines Investments, and is even moving his family to London, a move which he regards as an adventure. His company's strategy is based heavily on international expansion, and Hines is already involved in several European projects. Hines has built up a $10 billion property empire, which is based on his desire to build problem-free, efficient buildings which offer value for money and yet also contribute to the environment of the communities in which they are located.

Interview, Beliefs, opinions and attitudes, Hines, Gerald D., Gerald D. Hines Interests

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An industrious route

Article Abstract:

Saville Gordon and Ashtenne are both selling off large parts of their portfolios into investment funds. This allows them to obtain cash and to retain a stake in the properties, as well as benefiting from performance-related fees for managing the properties. This approach is being emulated by other property companies.

Saville Gordon, Ashtenne Holdings

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