South East
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Berkeley profits jump 30%
Berkeley Group has reported annual pretax profits up 30% to £143.6m on turnover up 15% to £799m. It announced plans to expand into the Midlands the north of England and…
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City centre office blocks converted to student digs
The likes of Unite, Berkeley and Jarvis have been buying up city centre offices and turning them into student flats. They are in cities such as Bristol, Leeds and Liverpool.
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Hornby considers Margate site sale
Hornby is considering selling its Margate site in Kent as part of a total sale of the company. Financial Times 28/06/00 page 30.
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Judgment on settled Prudential claim
Judge Richard Havery QC has handed down his judgment in the case of Prudential Assurance Co Ltd v McBains Cooper and others in similar terms to an earlier draft.
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Airports crisis poses dilemma for DETR
The Department of Environment, Transport and the Regions is in a quandary aboutwhat to do about booming demand for airports in the South East.
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Hunters allocates £2m to club refurbs
Hunters Leisure will spend about £2m on refurbishing three new clubs. It has bought one at Folkestone, Kent, and another at Edmonton, north London.
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Pillar buys 9 retail parks for £100.4m
Pillar Property has bought nine retail parks for £100.4m from Great PortlandEstates. Two of the parks – part of a total of more than 60,385 sq m (650,000 sq ft)acquired…
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Slough Estates puts construction faith in Rogers
Slough Estates has appointed Hugh Rogers as general manager of its construction division. He replaces Bernard Rimmer, who had been responsible for construction since 1982.
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Coutts sued for alleged negligence
Lady Mayer’s son Christian Noble is suing Coutts bank for damages in respect of a negligent valuation of his flat at 6 Lewes Crescent, Brighton.
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Berkeley profits expected to climb 13%
Berkeley Estate’s full-year pretax profits are expected to come in at about £120.5m – up 13% – when it reports tomorrow.
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Hunters acquires new leases for health clubs
Hunters Leisure has bought leases on sites in Edmonton, north London, and Folkestone, Kent, which it will convert to health and fitness clubs at a cost of £2m.
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Paramount close to clinching Oxford Moat House
Paramount Hotels is reported to be close to buying the Oxford Moat House hotel for about £15m. The Times 26/06/00 page 23.