Online auctions

The online game has come a long way since 2000

The company’s decision to pull out of retail came in the same week that top US property consultant John McMahan told the IPF that ecommerce would have a devastating impact on retail property.

Meanwhile, fear of the Millennium bug was blamed for the poor performance of the central London office market in the final quarter of 1999. A Knight Frank report said the 29% fall in take-up was the result of occupiers putting property decisions on hold in anticipation of possible problems with the phantom Y2K bug.