leanderman
Street Party: July 2
Exactly. Buy and hold. Immune to the whims of the property cycle. And further boosting prices by limiting the amount of purchasable stock.
Brixton Clifton Mansions former squats - background, 2011 evictions and latest news
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Exactly. Buy and hold. Immune to the whims of the property cycle. And further boosting prices by limiting the amount of purchasable stock.
Rushy
basically a scrotum
At least with small scale buy-to-letters it usually gets cashed in at some point or has to be sold upon inheritance so it gets recycled. Once it is owned by an institution it sits there until they have a financial crisis like the Church did in the 80s and start flogging everything off.
ViolentPanda
Hardly getting over it.
From what I recall, the Pru are also looking into developing "affordable housing" for rent, rather than just getting into BtL.
Gramsci
Well-Known Member
You did say Lexadon may be a "target to be bought out by a financial organisation" in post 656. I read that as larger financial organisation making hostile bid on a smaller property company.
Thaw
Aye like, so it is.
I don't think you can launch a hostile take-over if there are only 2 shareholders...assuming they have equal number of shares of course.
Rushy
basically a scrotum
I can see how you got there but both the words "target" and "buy out" are neutral in business context. A target is simply a result that a business wants to achieve or, more specifically, a business an organisation wants to buy. They can be classified by addition of an adjective (hostile or friendly, for instance). Buying someone out literally just means buying their their shares or interest. If a person were generally suspicious of most things corporate then I can see why they might automatically read hostility into it but most business goes on between willing partners. In Lexadon's case, for example, the only way they could really target the private company is by offering lots of cash, and keep offering more until the small number of shareholders were willing to sell.
Gramsci
Well-Known Member
editor
hiraethified
So Jerry 'Give Nothing Back' Knight is looking to extend Clifton mansions and bolt on a roof terrace and three more flats with 'private roof terraces.'
CH1
"Red Guard"(NLYL)
He's obviously won the Battle of Sonar Mews, so there's no looking back, so to speak.So Jerry 'Give Nothing Back' Knight is looking to extend Clifton mansions and bolt on a roof terrace and three more flats with 'private roof terraces.'
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Where does he get those naff metal mansards from? They look like something that might be on offer in an army surplus sale somewhere in Wisconsin.
If I was Ian Nairn and I saw that I would drink 5 pints of Guinness in the Albert and write a nasty article for The Architectural Review.
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