Scarborough Group International
SCARBOROUGH IN GOOD SHAPE AS IT PUSHES AHEAD WITH EXPANSION Dec 03 2008
Scarborough Group International (SGI) has announced a £4.7m profit amidst economic pressures currently facing property markets worldwide.
The Group has current global assets and projects worth just over £1bn. It is pushing ahead with a cautious and sensible expansion of its property investment, trading and development network covering Europe, Australasia, the Far East and North America.
Its yearly figures published on Dec 3 2008 highlight the strong market position of the organisation which includes diverse investment interests in China and Hungary, serviced offices network Forsyth Business Centres and, through its Leisure services division, in excess of 75 per cent ownership of Championship football club Sheffield United.
Mr McCabe, Chairman of SGI, said: “No one doubts that the western world is facing extraordinary recessionary conditions which could not have been predicted in 2007.
“Scarborough has adapted quickly to this changed environment in order to reshape, understand and tackle new opportunities and is well placed to weather the storm and succeed in future years.”