Great Portland Estates, the London property investor, is positioning itself for a recovery in the market through a series of deals and new schemes, including one of the first debt restructuring development arrangements.
The company will buy and develop two West End schemes for £10m ($17m) under an innovative arrangement with Istithmar, the previous owner, and its bank Eurohypo that will give it the first of any profits, and a share of additional money above a limit.
Great Portland Estates said that it had a 2.6m sq ft development pipeline ready for the market recovery, including the new West End acquisition, Marcol House, which will be redeveloped in the first half of 2010.
I think the real estate investor company wants it revenue back to home and afterall it was needy at this stage, Right decission at the right time.
ReplyDeleteAfter all if the investment is done, there is also a process to recover it back.
ReplyDeleteReal Estate Investor company wants its capital back now.
ReplyDeleteThe investor company is going for some kind of capital management.
ReplyDeleteI want to know about capital management. What does it meant by the capital management?
ReplyDeleteA managerial accounting strategy focusing on maintaining efficient levels of both components of working capital, current assets and current liabilities, in respect to each other. Working capital management ensures a company has sufficient cash flow in order to meet its short-term debt obligations and operating expenses.
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