Tuesday, 16 December 2008

How property works

In 2005, redoubtable property entrepreneurs Raymond Mould and Patrick Vaughan (both 60-odd) sold their company Pillar to British Land at a healthy 10% premium to net asset value (and, rumour has it, on a yield of less than 4%). The deal netted them millions. Mould scooted off and was later followed by Vaughan, but their sidekick Andrew Jones (then 37) stuck with BL.
Fast forward three years and young Andrew is in a pickle. His chief exec Stephen Hester has jumped ship to run nationalised RBS and BL needs to raise funds. Happily, Andy’s old chums Mouldy and Vaughan are on hand to help out – at a price.
They’ve teamed up with some Abu Dhabi lads to buy half of BL’s flagship asset Meadowhall. The shopping centre was put up for sale last year with a price tag of £1.7bn, but withdrawn due to lack of interest. Now it’s going for a song – under £1.4bn. That’s an 18% drop in value and a new yield of almost 6%. A little bird tells me the deal could close by Friday. Merry Christmas boys!

1 comment:

carroll foundation trust said...

BREAKING NEWS

CARROLL FOUNDATION TRUST ORGANISED CRIMINAL CONSPIRACY AND CORRUPTION CASE

HSBC - KROLL N Cooper - Queen's Bankers / COUTTS BANK / BAE SYSTEMS TAG AVIATION ARLINGTON SECS / SLAUGHTER & MAY G James S Hall L Wylde - SALANS / L Rosenblatt A Gaines M Alexander

>>> GOODMAN DERRICK I MONTROSE <<<

- Primary Criminal Suspects / International Criminal Syndicate -
R Bray & Co / / HASLERS / DLA PIPER - R Lane - Smith N Pike - LG


-- The United Kingdom's Enron Case --


The Carroll Foundation Trust Criminal Case - Britain's Longest Running Largest Organised Criminal Conspiracy and Corruption Case - $ One Billion Dollars ( $ 1.000.000.000 ) Embezzlement of Funds Criminal Liquidation of Assets on a World Wide basis. GJH Carroll primary victim subject of personal protection security following violent attacks with the use of firearms other weapons.

Full and Complete Criminal Evidence in LOCKDOWN at Britain’s Scotland Yard - Sir Paul Stephenson Commissioner Metropolitan Police New Scotland Yard London UK - US State Department - FBI - within a major Cross-Border International Criminal Conspiracy and Corruption Case.

Notice: Kingston Smith / E Robinson / Trust Auditors / GJH Carroll Trust - Carroll House - Westminster London SW1 - Break - Ins / Theft Burglarys - Forged / Falsified Lease / Sale Profiles - LOCKDOWN - New Scotland Yard London UK - US State Department - FBI Washington Field Office USA

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Notice: Kingston Smith / E Robinson / Trust Auditors - Manches - 'The Criminal Syndicate Solicitors' - LOCKDOWN - Scotland Yard - Sir Paul Stephenson Commissioner Metropolitan Police New Scotland Yard London UK - US State Department - FBI - USA

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Notice: Salans / 'The Criminal Syndicate Solicitors' - Croydon Power House / Urban Finance Corp. - Embezzlement Fraud Case - LOCKDOWN - Scotland Yard - Sir Paul Stephenson Commissioner Metropolitan Police New Scotland Yard London UK - US State Department - FBI - USA

Notice: Grant Thornton / Scott Barnes - 'The Criminal Syndicate Receivers' - Galleria - Croydon Power House / Gill Rose Fennemores Grant Thornton - Carroll / Yorkshire Property Holdings
Embezzlement Fraud Case - LOCKDOWN - Scotland Yard - Sir Paul Stephenson Commissioner Metropolitan Police New Scotland Yard London UK - US State Department - FBI - USA


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Notice: Norton Rose / GJH Carroll Trust Solicitors - LOCKDOWN - Russian Invesment Corp. - Russian Federation - LOCKDOWN - FSB / Kremlin Moscow Russian Federation

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Notice: Carlton Baker Clarke - 'The Criminal Syndicate Accountants'- LOCKDOWN - Russian Federation - LOCKDOWN - FSB / Kremlin Moscow Russian Federation

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Notice: Loeb & Loeb / GJH Carroll Trust Solicitors / Carroll Hughes Estate Interests - USA - LOCKDOWN - Scotland Yard - Sir Paul Stephenson Commissioner Metropolitan Police New Scotland Yard London UK - US State Department - FBI - USA

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Notice: Faegre Benson / 'The Criminal Syndicate Solicitors' - LOCKDOWN - MOD Farnborough - Carroll Joint Ventures Corp. / Strategic Research Development Corp. - Carroll Aircraft Corp. - Carroll Hughes Estate Interests - USA - LOCKDOWN - Scotland Yard - Sir Paul Stephenson Commissioner Metropolitan Police New Scotland Yard London UK - US State Department - FBI - USA

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Notice: Edwards Duthie / GJH Carroll Solicitors - The London Residence - Eaton Square Belgravia London SW1 - Break - Ins / Theft Burglarys - Forged / Falsified Lease Profiles - LOCKDOWN -Vizards Wyeth / Boodle Hatfield / The Kent & Essex Police / New Scotland Yard London UK - US State Department - FBI Washington Field Office USA

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Carroll Foundation Trust - Blog / SRA Fraud Case http://www.carrollfoundationtrust.blogspot.com
Carroll Foundation Trust - Blog / Most Wanted http://carrollfoundationtrustmostwanted.blogspot.com
CNN / Sky / BBC interview / Global News Services / The Global Website http://www.carrollfoundationtrust.org