The bricks in property's wall of money

Article Abstract:

Investors require evidence of economic recovery in the property market. Investment Property Databank statistics show capital values and rents fell in all sections of the property market, but falls were much steeper in the south-east. There was underperformance by the shares of quoted property companies until Sep 1992 when sterling was withdrawn from the exchange rate mechanism. Property shares have outperformed the rest of the stock market by 58% since Sep 1992. Rising property prices do not indicate more development.

Evaluation, Economic aspects, Investments, Real estate development, Property

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Property men scent recovery

Article Abstract:

John and Peter Beckwith made 80 million pounds sterling when they sold London & Edinburgh Trust (LET) in Apr 1990. Within two years LET made a loss of 150 million pounds sterling. Some other successful property market people including Martin Landau and Robert and Graham Bourne have returned to the UK market in 1993. Mr Landau believes the property market is ready for recovery as banks are keen to lend to property. The Bournes' small property company, Ex-Lands, is returning to UK property after a three-year wait.

United Kingdom, Mergers, acquisitions and divestments, Finance, Real estate, Real property, Beckwith, John, London and Edinburgh Trust PLC

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Driven by the demon fear of losing it all

Article Abstract:

Money is not necessarily the primary driving force in business, according to property dealer Nick Leslau. He gained 4 million pounds sterling from reversing Burford, his very small property development company, into Charterhouse in 1986, but has continued to become involved in many deals. He claims that Burford is still very conscious about controlling costs, and operates on a staff of only 28, even though it is the ninth-largest property investor in the UK. He is currently negotiating a hotel deal in New York.

Officials and employees, Real estate industry, Interview, Burford, Leslau, Nick

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