All Property Week articles in 16 July 1999 – Page 3
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News
It’s education, education and more education for the RICS
The new RICS president s call to arms in his inaugural speeches in Birmingham, London and Manchester has been enthusiastically received by the property industry. EC Harris partner Simon Kolesar urged more members to participate in the reforms being introduced as part of the Agenda For Change, Richard Lay ...
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News
GE Capital snaps up shopping centres for £55.6m
GE Capital has quickly put behind it the misery of losing out on Chesterfield Properties £94m portfolio by completing two shopping centre deals. The company has stumped up £55.6m to buy the Galleria outlet centre in Hatfield and the Pavilions shopping centre in Waltham Cross. Both deals ...
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News
Ruhan switches on to Euro telecoms with £500m firm
Andy Ruhan, son-in-law of Birmingham tycoon Roy Richardson, is planning to create a £500m property company focusing on the telecommunications sector. The new company, Global Switch, is planning to kick-start a rapid expansion programme which will see it open eight £50m sites in Europe over two ...
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News
Rivals unite for £400m Belfast retail scheme
The four-way tussle between rival developers to capitalise on Belfast's booming retail scene took another twist this week after two proposals were merged to create a £400m scheme. MEPC 's Castlecourt extension and Dunloe Ewart 's shopping centre proposal on Royal Avenue will now be jointly developed and phased ...
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News
JLL’s shock profits warning causes share price to plummet 40%
Jones Lang Lasalle s New York share price plunged more than 40% last week after the firm issued a shock warning that its 1999 profits would be substantially below analysts estimates. Chairman and CEO Stuart Scott said the main reason for the poor results was ...
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News
Festival for Grosvenor as it bags £300m cash
Grosvenor Estate Holdings has harnessed the financial muscle of three funds Equitable Life, hermes and NPI to fund its £300m Festival Place scheme in Basingstoke. CB Hillier Parker , adviser to Grosvenor, has orchestrated an innovative limited partnership structure that will combine the ...
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News
Crown’s £125.8m profits fill Treasury’s coffers
The Crown Estate paid £125.8m in profits to the Treasury in the last financial year, it was revealed on Wednesday. The Crown revealed that record profits were 11.1% up on last year s £113.2m figure for the year ending in March. The Treasury has been receiving an income from ...
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