AWG is braced for a possible hostile bid this week from WestLB dealmaker Robin Saunders, who has been given a war chest of £3bn to hunt for fresh deals.
Punch Taverns has bought 12 pubs from Honeycombe Leisure for £11.7m. Honeycombe will retain contracts to manage the pubs under Punch’s ownership.
Nomura is a front-runner in the sale of about 700 Scottish & Newcastle (S&N) pubs. The two groups are believed to be in advanced negotiations for Nomura’s Real Estate Finance…
The government’s love affair with consultants has blossomed in the railway sector where its spending on consultancy work has tripled to £39m over the past two years.
National Parks is mulling congestion charges to crack down on growing traffic problems. References: The Daily Telegraph 17/02/03 page 30 (The City Checklist) .
The owners of the Kimberley Hotel in Oban, Scotland, are to sell it by selling its 350,000 slates for £6.50 each in a raffle.
Deputy prime minister John Prescott is soon to lose his grace-and-favour country manor Dorneywood, as the charity which owns it may be forced to sell, following falls in the value…
Eddie and Sol Zakay, the brothers who run Topland Group, have shared a £35m dividend from the company, which owns £2bn of property.
Scottish & Newcastle is planning to divest part of its pubs estate for £600m. Shortlisted bidders for the 700 pubs include RBS, Nomura and Goldman Sachs.
AWG is close to selling its Great Northern Warehouse site in Manchester for £70m. The proceeds will be used to return cash to shareholders and fend off a bid from…
Directors of House of Fraser have been in MBO talks, just weeks after the board rejected a £197m approach from entrepreneur Tom Hunter.
Capital & Regional and Pillar Property have completed their joint purchase of a 90-acre site east of Glasgow from Glasgow council for £25m.