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Rank faces big property hit

Language: English Series: Sunday Times ; 3 November 1996, B1(1)Publication details: 1996Subject(s): Summary: The Rank leisure group is looking to raise £900m by sale and leaseback arrangements of many of its freehold properties to City institutions. Much of the group`s profits are likely to be wiped out by the current revaluation of all its properties.
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News article London News article WB3242-45 (Browse shelf(Opens below)) 1 Available 44800-1001

The Rank leisure group is looking to raise £900m by sale and leaseback arrangements of many of its freehold properties to City institutions. Much of the group`s profits are likely to be wiped out by the current revaluation of all its properties.