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Friday, 23 February 2007

Movers & Shakers


This weeks movers & shakers sees the announcement that Adidas have appointed Jones Lang LaSalle as their Global Real Estate advisers.

Meanwhile, despite the controversy over the late opening of Wembley Stadium, the contractor, Multiplex has posted a net profit of approximately £119m over the last six months.

Tesco is facing a mass exodus of their project staff. Following a week when the Tolworth Project has had to be redesigned following residents protests and a damning TV program highlighting the companies aggressive property strategy. At least eight high level employees have handed in their notices since the appointment of Kevin Grace, Director of Property Services.

The value of Foster's and Partners is under question following rumours that Norman Foster may not hang around after the sale of the company. The original estimate of the company of £500m has dropped to £300m.

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