All articles by Polly Mackenzie – Page 13
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Pidgley Junior plans Berkeley takeover
Tony K Pidgley, the son of Berkeley Group founder Tony W Pidgley, today told the stock exchange he is considering making a bid for the housebuilder.
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Profits plunge at Hercules Property Services
Property services group Hercules saw pretax profits crash 70% as it was hit by weakness in the insurance and underwriting industries.
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LandSecs makes £600m bond issue
Land Securities today issued bonds for the first time in eight years, raising £600m to restructure its debts.
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Cap&Reg joins Pillar in Glasgow site acquisition
A Capital and Regional/Pillar Property joint venture has bought a 36-ha (90-acre) site near Glasgow from the city council to build a £140m retail park.
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Merivale Moore next to go private
Merivale Moore chairman Grenville Dean announced this morning that he is considering making an offer for the struggling London office specialist, which today reported its a dramatic drop in net asset value.
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NewsSt Modwen ratchets up 18% NAV rise
Regeneration company fulfils high expectations as profits jump to £30m
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Fire brigade kicks off PPP plans
The London Fire Brigade has signed its first ever public-private partnership fire station development deal.
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Chesterton calls off sale talks
Chesterton this morning called off all negotiations for a sale of the company, and replaced chief executive Lorraine Baldry.
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Higgs report 'absurd' says Liberty
Liberty chairman Donald Gordon today described the Higgs review of corporate governance as 'unrealistic, impractical … detrimental … palpably absurd and unhelpful' with no regard for 'business judgement'.
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Development profits boost St Modwen NAV
An 81% leap in development profits helped regeneration specialist St Modwen Properties to notch up an 18% increase in net asset value to 161p a share in the year to 30 November.
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Pathfinder bidder calls EGM
Sunnyview, the investment vehicle stalking Pathfinder Properties, has requisitioned an Extraordinary General Meeting of the company’s shareholders after its tender offer for a 25% stake was rejected.
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New bidder stalks Insignia
A significant shareholder in Insignia Richard Ellis' US parent has announced that he is considering making a bid for the property services firm to rival CB Richard Ellis.
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Rivals ready to swoop on Insignia/CBRE employees
Several major property services firms today warned they expected heavy job losses from the proposed Insignia/CB Richard Ellis merger.
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Insignia shares jump 7% on merger hopes
Shares in Insignia Financial, the real estate services in merger talks withrival CB Richard Ellis, jumped nearly 7% this afternoon at the beginning of trading on the New York Stock Exchange.
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Hartwell appointed Kingfisher group property director
Terry Hartwell has been promoted to the position of group property director at the Kingfisher Group, the parent company of B&Q. He has been property director at the DIY chain for nearly 10 years.
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Interest rates cut to 3.75%
The Bank of England's latest cut in interest rates, from 4% to 3.75%, has received a cautious welcome from the property industry.
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Pillar completes on first European retail park
Pillar has completed the first acquisition of its long-planned move into Europe, buying a retail and leisure park near Madrid for €117m (£77.2m).
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Minerva buys out Hunter with increased Allders bid
Minerva has won the support of Tom Hunter for its planned takeover of Allders by adding another £3.5m to its bid.
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European troubles hamper JLL earnings
The European operations of Jones Lang LaSalle saw a 50% fall-off in earnings in 2002, bringing the global results to the gloomy level the real estate services firm predicted in October.
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West End on road to recovery
The West End office market is on the road to recovery, research published today by Knight Frank predicted.
