Monday, 23rd November 2009

 

British Land eyes European investments for diversification

British Land, which is virtually entirely focused on its core UK retail and offices portfolio, would seek opportunities in the European property market, Chris Grigg, chief executive of the UK’s second-biggest real estate firm, said, according to a report in the Financial Times.

Grigg’s comments as the company on Wednesday hired Stephen Smith, global chief of asset management at Axa Real Estate, and Charles Maudsley, co-head of Europe at LaSalle Investment Management, as board directors.

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Brummel

Relocation, relocation, relocation

Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.

Rich Monitor

Chopard out to show it has good timing

Luxury brands that thought they were immune to the vagaries of the global economy because they marketed their wares to the wealthy, have had a rude awakening this year.

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