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Monopoly matters

Article Abstract:

The UK Monopolies and Mergers Commission directed the Heathrow airport, England, authorities to follow a guide price for its office rents after it was found the rents in the airport had not fallen by as much as office rents outside the airport. It was discovered rents, in 1995, for an office building near the airport were 15 pounds sterling per sq ft whilst rents for offices in the airport were 41 pounds sterling per sq ft. Since the price guide was introduced rents in Heathrow have still risen by more than rents outside the airport. A rent review in not due until 2002.

Commercial and Institutional Building Construction, Office Buildings, Nonresidential construction, not elsewhere classified, Airports, flying fields, & services, Airports, Airport Operations, Investigations, Office construction, Rents (Property), Heathrow Airport, United Kingdom. Monopolies and Mergers Commission

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Bricklayer to deal maker

Article Abstract:

The property developer David McLean regards himself as an honest, hard-working individual who believes in taking a 'hands-on' approach in business. McLean heads up the David McLean Group which is developing a number of sites in Liverpool, England, including the 150 million pounds sterling development at Princess Dock. McLean is fifty-two years old and enjoys sailing.

Officials and employees, McLean, David, David McLean Group

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Making his own luck

Article Abstract:

The career and interests of property developer John Kennedy are discussed. His initial success in achieving a profit of 2m pounds sterling on a site in Edinburgh in 1986 and his ability to spot and complete very profitable deals are explored.

Economic aspects, Scotland, Real estate development

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