Real estate investment group Northacre has completed the sale of the 33 Thurloe Square project in London for £12.75m, bringing the total anticipated proceeds for the project to around £1.2m. Northacre originally agreed to manage and refurbish the property on behalf of Bassemey, which acquired the
Read moreLONDON (Alliance News) - Northacre PLC Wednesday said it has entered into an agreement with Vicarage Gate (1314) Ltd, a special-purpose vehicle, to be the development manager for the 13 & 14 Vicarage Gate project in London. The residential property developer said that under the terms of the
Read moreUK property development group Northacre expects to report a fall in annual revenue, reflecting the weak performance of its Intarya interior design business. The company predicts revenues will drop to £3m in the year ended February 28th 2014, from £3.5m a year earlier. The firm also expects admin
Read moreLONDON (Alliance News) - Northacre PLC Monday said it expects full-year revenue to drop by about GBP500,000, but also expects administrative expenses to fall by about seven times that amount. In a trading update ahead of results for the year ended February 28, Northacre said it expects to r
Read moreLONDON (Alliance News) - Residential property developer Northacre PLC Wednesday said it will become the development manager for the 33 Thurloe Square project after signing a deal with Bassamey Property Holdings Ltd. Bassamey is a Jersey-based special purpose vehicle which acquired the build
Read moreNorthacre, developer of The Lancasters luxury apartments opposite London's Hyde Park, on Friday dismissed reports it was approached by Spadille to acquire the company. The group said it remains independent and that it did not receive an offer from Spadille. Reports claimed last week Spadille was m
Read moreThe FTSE Small Cap index is up 0.1 percent in morning trade, tracking similar modest gains by the FTSE 100 and the FTSE 250 indexes, both also ahead 0.1 percent on the final full trading session of 2012. African Consolidated Resources gains 4.3 percent as the AIM-listed resource and development gro
Read moreLarry Tracey, the Chairman of power controller manufacturer XP Power, treated himself to 4,000 shares in the company, despite the company last month warning that the global economic environment remains weak for the equipment which they manufacture. Tracey, who joined XP's board 22 years ago, bought
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