PROPERTY firm Jones Lang LaSalle (JLL) has promoted its director of office agency, Ben Reed, to the company’s second-highest tier of management.
Edinburgh-based Reed, who has 22 years’ experience in the industry, has taken on the role of regional director within the office agency team, and JLL said his promotion was a “significant achievement”.
Alasdair Humphery, the firm’s head of Scotland, said: “This recognition demonstrates his senior position on the Scottish property scene, and amongst our local and international clients.”
Greenwood joins renewable catapult
CORPORATE financier Miriam Greenwood was yesterday appointed as a non-executive director of the Glasgow-based Offshore Renewable Energy Catapult, one of Vince Cable’s centres for accelerating the development of technology.
Greenwood, who is also deputy lieutenant of the city
of Edinburgh, joins former energy minister Baroness Liddell and Strathclyde University principal Sir Jim McDonald on the board.
$900,000 contract on Blur’s website
BLUR Group, the procurement website launched by former Letts diary publishing scion Philip Letts, has been used by
an American property developer to advertise a $900,000 (£575,000) project in Panama, one of the largest to date listed on the site.
Letts, who is chief executive of the Aim-quoted firm, said: “This is a great example of Blur’s international reach.
“We are pleased to receive
yet another large project so soon after Blur increased the size of projects that can be entered on the exchange to $5 million.”
The site has been used by 35,000 firms in 141 countries.
Jack Perry’s Lbow lends half of capital
LBOW, the London-listed property vehicle chaired by former Scottish Enterprise chief executive Jack Perry, yesterday loaned £19 million to one of the subsidiaries of Meadow Real Estate Fund.
The loan will mature in 2017 and is secured against “a multi-let retail warehouse park situated in a prominent location in Greater London”.
Lbow, which floated in February, has now invested £50.3m or 49 per cent of its available capital.
Go-Ahead targets £100m bus profit
Transport group Go-Ahead hailed an “exceptional” year on the buses as its services took another step on the road to profits of £100 million.
The firm, which has a UK-wide fleet of 4,600 vehicles and is the largest operator in London with a 24 per cent market share, said record passenger levels helped bus profits improve 11 per cent to £78.2m in the year to 29 June.
This helped to offset weakness in its rail division. The group has set a goal to grow its bus profits to £100m by financial year 2015-16.