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08Oct92 UK: SHIMIZU TO CLOSE TWO BRITISH PROPERTY FIRMS FOLLOWING £200M LOSS.

Japanese construction and property giant Shimizu is to close two of its British operations after announcing losses of more than £200 million in the UK.Shimizu (UK), which built the prestige One America Square in the City, has been stung badly by the collapse in UK property prices.Now it plans to liquidate its subsidiaries SC Properties and SC Investments, which will mean the sale of four buildings.The company is refusing to comment on what presence it will keep in Britain and whether ...

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