Metric Property boss, Andrew Jones, seemed cheerful enough at lunch on Monday, despite a feeling in the air that the commercial property market is sinking slightly... more
On Property: Minerva should give a seat on the board to Philip Lewis, the man revealed as representing the 29.9% stake held by largest shareholder Nathan Kirsh... more
Troubled times ahead for British Land, down 4.8p at 467.6p, after main board director and head of retail Andrew Jones and two of his top executives left as exclusively revealed in last week’s Evening Standard ... more
The London stock market bounced back from yesterday’s sell-off and were changing hands at a new high for the year amid signs that the global recovery has accelerated ... more
Chris Grigg is in deep trouble. The 49-year-old former banker, who joined British Land as chief executive in January, has lost three members of the eight-strong team which runs the UK’s second-biggest property company day-to-day. It gets worse. The three defectors run the entire retail side of business, which accounts for 56% of the £8.6 billion portfolio.
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Stephen Hester, the boss of British Land and the soon-to-be chief executive of Royal Bank of Scotland, has called the bottom of the property market, claiming it will be “some time next year”... more
Tonight:
3°c
