Kempner's coming home

Article Abstract:

Nigel Kempner has been named joint Managing Director of the quoted property company Benchmark Group. Kempner has led Benchmark from a capitalisation of only 3 million pounds sterling to nearly 100 million pounds. The company is buying central London properties worth some 120 million pounds from Friends' Provident for a combination cash and stock, giving Friends' Provident a 35% stake in Benchmark. Kempner has been buying older buildings placed in good locations which are not always suitable for investment by larger investors. Kempner is looking to spend 170 million pounds sterling on further purchases.

Residential Buildings, Residential Building Construction, Commercial and Institutional Building Construction, Commercial Buildings, Nonresidential construction, not elsewhere classified, Residential construction, Commercial construction, Real estate management firms, Kempner, Nigel, Benchmark Group Inc.

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Panther gets set to make a real killing

Article Abstract:

Panther Securities Owner Andrew Perloff has a 30% stake in the Exmoor Dual Investment Trust but his bid for the company has reached stalemate, although Perloff is confident that his offer will eventually be accepted. Perloff has made several hostile takeover bids but only his bid for the BES company in 1995 has been successful. Panther has a market capitalization of 20.5 million pounds sterling since it was floated on the stock market in 1993. Perloff has invested in an office building in Coventry, England, and also has plans to redevelop an office site in London.

Real estate investment, Real estate investments, Panther Securities, Perloff, Andrew

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Addressing changes

Article Abstract:

Hill Samuel Property Services (HSPS) manages comparatively small individual funds but total property under management has reached over 800 million pounds sterling. The company has achieved strong performance, with head of investment Robert Dismorr aiming to maintain growth by taking measures such as continuing to discover new opportunities out of the mainstream where property is undervalued. HSPS sold 30 million pounds sterling on behalf of clients in the year to January 1995 and invested a further 116 million pounds sterling.

Dismorr, Robert, Hill Samuel Property Services

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