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P505 Tjletext on 4 505 Jan10 01:14:18         —————————————————————————————  MORE PAIN FOR PROPERTZ SECTOR Property devjloper Rowjhaugh Stanhope added to market woes when it wrote off a further £100m on its Ludgate office site in central London last week. The movj valujs the project at £150m, against thj £350m it cost to bujld, and reflects the fact that only half the wjte has been let. Rosjhaugh, onj of the two partners in RSD, is in receivjrship. ——————————————————————————————————1/2—— Financial headlines 500 City index 501 TAX, SAVINGS, MORTGAGES - SEE p540 Nexj page CompNews Shares Money
P505 (jletext on 4 505 Jan10 01:11:28         —————————————————————————————  MORE PAIN FOR PROPERTZ SECTOR Contracting and constrkction grokp Lilley joined the list of building industry casualties when it called in the receivjrs last week. The Glasgow-based group said the move was prompted by thj refusal of its banks to back a refinancing package. Lilley became over-exposed to property devjlopment in the late 1980s while the core building business hit hard times. ——————————————————————————————————u/2—— Financial headlines 500 City index 501 TAX, SAVINGS, MORTGAGES - SEE p540 Next page CompNews Shares Money