TITLE

Allsop sale raises £56m

AUTHOR(S)
Haxwell, Estelle
PUB. DATE
February 2008
SOURCE
EG: Estates Gazette;2/23/2008, Issue 807, p107
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the £56 million raised by Allsop Residential with the sale of 88% of 415 lots in 2008 in England. According to auctioneer Gary Murphy, repossessed sales represented 38% of the catalogue and over 90% of repossessions sold. He also comments on the status of the property market. It presents some of the best performers in the auction which included a former community and education center with potential for residential development in Clapham.
ACCESSION #
31529935

 

Related Articles

  • Totals halve at Allsop. Maxwell, Estelle // EG: Estates Gazette;2/9/2008, Issue 805, p83 

    The article focuses on the sale of small quality lots in Great Britain. Demand for small quality lots fuelled Allsop Commercial's opening sale of 2008, producing £45 million from an 85% success rate. The number of lots offered at the auction, which was held at London's Cafe Royal, fell to 91...

  • Auction News. Callaghan, David // EG: Estates Gazette;12/10/2016, Issue 978, p005a 

    The article reports on the success of British real estate auction house Allsop in conducting commercial real estate auctions in 2016. The company raised 117.8 million pounds at its last auction for the year and posted a success rate of 76 percent from 224 lots offered. The whole commercial real...

  • Residential low for Allsop. Maxwell, Estelle // EG: Estates Gazette;11/10/2007, Issue 745, p87 

    The article reports on the decline of residential sales of Allsop to 73% as of October 2007, which produced totals of £43 million. Allsop residential auctioneer Gary Murphy said they are pleased to achieve a strong result while in a transitional stage in the market. He notes that lots in poor...

  • Repossessions hit the rooms. Maxwell, Estelle // EG: Estates Gazette;2/2/2008, Issue 804, p77 

    The article reports on the increase in amount of distressed lots in the catalogues of real property auctioneers in Great Britain. Distressed sales grew throughout 2007, increasing significantly in September following the Northern Rock crisis and the credit crunch. Gary Murphy, Allsop's...

  • Untitled. Berkin, Chris // EG: Estates Gazette;2/8/2014, Issue 1357, p1 

    The article discusses a commercial auction organized by the property consultancy firm Allsop LLP in Great Britain as of February 2014, which featured selling of 70 out of 83 lots, greater demand for multilet retail and residential assets and increase in yields on grade-A retail properties.

  • Wave of buying at Ocean Suite nets Allsop £56m. Maxwell, Estelle // EG: Estates Gazette;2/28/2009, Issue 908, p51 

    The article offers information on the property auction held by Allsop in the Ocean Suite of the Cumberland Hotel in London, England. It states that the latest cuts to bank interest rates caused a surge in demand for residential property at the auction. Auctioneer Gary Murphy said he was...

  • Allsop raises £51m in its best one-day sale since 2008. Maxwell, Estelle // EG: Estates Gazette;11/7/2009, Issue 944, p61 

    The article reports on the funds raised by Allsop's residential sale in London, England in November 2009. It states that the mix of assets on sale changed dramatically since 2008. According to auctioneer Gary Murphy, the money raised has been one of the highest totals raised by Allsop from a...

  • Return-hungry buyers push Allsop sales to £147m. Maxwell, Estelle // EG: Estates Gazette;6/13/2009, Issue 923, p49 

    The article reports on Allsop's first five residential auctions in 2009. The five auctions have raised a total of £147 million. Its latest sale, held on June 2-3, 2009 at Cumberland Hotel in London, England raised £47 million, reflecting a success rate of 85%. According to Gary Murphy,...

  • More repos at auction as banks get aggressive. BADEN, SAMANTHA // EG: Estates Gazette;12/1/2012, Issue 1248, p35 

    The article reports that commercial repossessions being sold at auction in 2012 comprise 18 percent of all lots sold under the hammer as British banks work through their loan books.

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics