Countrywide shares jump above offer price (Daily Telegraph) (Estate Agents)
Countrywide shares jump above offer price (Daily Telegraph)
Shares in estate agent group Countrywide, which has recommended a 1.01bn bid from US buyout firm Apollo, jumped above the offer price this morning in anticipation of a rival offer.
Countrywide recommends Apollo offer (ShareCast via Yahoo! UK & Ireland Finance)
Estate agents Countrywide said it has recommended the offer from Apollo Management, which is worth approximately 1.008bn.
3i back in the running for Britain s largest estate agent (Times Online Sunday)
3i is considering a second tilt at Countrywide, Britain s largest estate agents owner, which would top a recommended 1 billion offer from Apollo Management, the US buyout fund.
Rich pickings among high-end homes in golden postcodes (Financial Times)
A year ago, homes in Knightsbridge or Belgravia in west London only seemed like a bargain to billionaires. Since then, prices have risen faster than for almost 30 years, prompting property companies, estate agents and even private equity firms to take full advantage.
Stake in Cordea Savills to go on sale (Financial Times)
The owners of Cordea Savills, the fund management wing of Savills, the upmarket estate agent, are poised to put a large chunk of the business up for sale.
FLAT’S YOURS FOR JUST 5K (Daily Record)
FLAT-HUNTERS can get their hands on a top-floor home - for a bargain basement price. Those feeling priced out of the property market can buy the one-bedroom property for just 5000 - the cost of some garages.
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