All Property Week articles in 5 March 1999 – Page 4
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News
Leasehold flats hit the 70-year hitch
The Leasehold Enfranchisement Association, a voluntary group whose members live in leasehold homes, has said that agents are refusing to sell flats with leases of less than 70 years. In evidence last week to the Department of the Environment, Transport and the Regions consultation document on leasehold reform, the ...
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News
Jermyn value soars by 62%
Jermyn Investment Properties achieved a 62% increase in net asset value last year, thanks to huge growth in its Irish portfolio. The market responded well to the results on Tuesday, pushing the shares up by 28.5p to 325p. But, considering the NAV rose by 152p to 400p, the share price ...
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News
Savills investment arm pulls in £2m
Savills HAS made £2m gross profit from its first major sale through co-investment vehicle Grosvenor Hill Ventures. The profit, which is more money than many surveying firms make from consultancy in a whole year, will be reinvested into Grosvenor Hill for future investments. Grosvenor sold the Switch ...
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Markets
Hermes sells 19-year leasehold for £1.8m
hermes has sold the long leasehold of 18 South Molton Street, W1, for £1.8m. The deal, with a private Channel Islands-based investor, represented a 5.96% net initial yield. The mixed retail and office unit is let to Warwick Limited trading as Dune with 19 years ...
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