Image from Google Jackets

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.

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.