Space merchants

Article Abstract:

BT Property has focused strongly on disposing of surplus property since 1991, and is still selling off 232,250 sq mt a year. It is keen to establish a property portfolio that is closely aligned with the requirements of its employees, and for this reason has been building up its portfolio of Workstyle 2000 buildings, which have facilities for flexible teleworking and desk sharing. It is investing around 200 million pounds sterling a year in new buildings and in marketing future disposals. It has also created an internal market in property, acting as a provider of serviced space to all BT divisions.

COMMUNICATION, Communications, Broadcasting and Telecommunications, Telecommunications services industry, Telecommunications industry, British Telecommunications PLC, Company Profile

---

On manoeuvres

Article Abstract:

Weatherall Green and Smith won the contract to value UK Ministry of Defence (MOD) land and property on 3,000 different sites in 12 countries. The work was started in Dec 1996 and it took a team of 60 valuers to compete the project. The company used a special database to record the large amount of information gathered by the valuation team. The exercise was part of the UK government's Strategic Defence Review. Some 700 million pounds sterling worth of MOD land and property was nominated as being surplus to requirements.

Real Estate Appraisers, Offices of Real Estate Appraisers, United Kingdom, Services, Valuation, Real property, Appraisers, Real estate appraisal, United Kingdom. Ministry of Defence, Public land sales, Weatherall Green and Smith

---

They came from beyond

Article Abstract:

Several major US property companies are expanding into Europe by merging with UK and European companies. The newly merged companies intend to become international providers of real estate services particularly for multinational corporations. Some UK property management experts suggest it may be difficult to provide an international service for Europe because of the differing property legislation in each nation. Some mergers have already gone ahead, such as the UK based Richard Ellis International with CB Commercial.

Foreign operations, Mergers, acquisitions and divestments, Real estate industry, Real estate investment, Real estate investments

Similar abstracts:

• Abstracts: The right stuff. The right moves. All the right connections
• Abstracts: Motorway matters. Land rush
• Abstracts: Scene changes. The belt tightens. Bay watch
• Abstracts: Safe and sound. Squeezed out. Fighting on the home front
• Abstracts: Factory flaws. Into a larger area. Universities challenged

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.