Fall of Broadgate property company
Fall of Broadgate property company
- 1994
- Financial Times 23 December 1994, 19 Daily Telegraph 20 December 1994, 23 .
Traces the rise and fall of property company Stanhope which is on the brink of receivership. Stanhope Properties` shares were suspended after the banks withdrew credit facilities on 23 December 1994. Subsidiary, Stanhope Cambridge has been sold to Alfred McAlpine for £4.8m. Rescue bids are still under discussion.
PROPERTY COMPANIES
RECEIVERSHIP
STANHOPE PROPERTIES
Traces the rise and fall of property company Stanhope which is on the brink of receivership. Stanhope Properties` shares were suspended after the banks withdrew credit facilities on 23 December 1994. Subsidiary, Stanhope Cambridge has been sold to Alfred McAlpine for £4.8m. Rescue bids are still under discussion.
PROPERTY COMPANIES
RECEIVERSHIP
STANHOPE PROPERTIES