Northern Ireland
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Brother of world’s richest man attends court over property
The brother of the world’s richest man attended the High Court toobserve the legal proceedings over a disputed property deal. Prince Jefri of Brunei is accused of reneging on two…
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Burford makes £44m worth of disposals
Burford Holdings has sold three leasehold office buildings for acombined total of £43.9m in cash, representing an average yield of 7%.
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Rugby Estates exchanges contracts on Grosvenor Estate properties
Rugby Estates has exchanged contacts to buy a portfolio of longleasehold properties in Mayfair and Belgravia from the Duke ofWestminster’s Grosvenor Estate Holdings.
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Decline in regional wealth boosts chances of EU aid
Applications by Merseyside and South Yorkshire for hundreds ofmillions of pounds of extra regional aid from the European Union (EU)will be enhanced by figures showing a drop in relative wealth.
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Retailer’s administration puts 175 stores up for grabs
The Fosters menswear chain has gone into administration. Many of the175 stores are expected to close. The company had closed 40 shops in the past year.
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Town Centre Securities advances to £5.8m
Town Centre Securities lifted pre-tax profits from a restated£5.5m to £5.8m in the six months to December 31. Gross revenue at the Leeds-based property group rose 9% to£14.7m, mainly as…
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Property development powers Wilson Bowden
Strong results from property development pushed Wilson Bowden to record profits last year. The property development arm contributed £18.9m, almost twice as much as last time, to group operating profits…
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Government halts sales of school playing fields
The School’s Bill is to be amended to ensure school playing fields are preserved and not sold off for property development.
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Benchmark begins construction in St James’s and Pimlico
Benchmark Group has begun construction on sites in St James’s and Pimlico. The building on the site formerly known as Wool House, Carlton Gardens – now renamed Number 5 -…
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Prescott orders audit team to investigate property deal
John Prescott ordered an audit team from the Environment Department to investigate the property deal which has embroiled the deputy prime minister in political embarrassment.
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Town Centre Securities ups profits 6.5% in half year
Leeds-based Town Centre Securities’ push towards a more proactive property management style led to £10m of new acquisitions and £2m of sales in the six months to end-December.
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Civil servants make £75m out of Belfast airport deal
Three civil servants made £75m as part of a management teamwhich bought Belfast international airport from the government for£32.75m and sold it two years later for £107.9m.