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Scotland's biggest property developers sell out |
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Scotland's most ambitious retail park developers, the property entrepreneurs Patrick Vaughn and Raymond Mould, have sealed the second mammoth sale of their careers.
British Land have agreed to pay £811m in cash for their company, Pillar Property. The two made their first fortune when they sold Arlington Securities to British Aerospace at the height of the property boom in the late 1980s - immediately before the impending proprty crash. If Fred Harrison's forecasts are correct, they have done it again. And if so, it is time to take heed of what troubling times are coming ahead. Full story in The Herald.
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