HOUSE of Fraser's flagship store on London's Oxford Street has been saved from closure, it has been announced.The beleaguered department store group collapsed into administration, before being snapped up by Mike Ashley's Sports Direct.The key Oxford Street site, in central London, had been due to close under a House of Fraser company voluntary arrangement (CVA) announced in June.James Keany, head of national agency at CBRE, the real estate services and investment firm which is advising Sports Direct on all property-related matters regarding HoF, said: "This deal only happened because all parties realised it was better to keep the store open and fully operational."It was a real case of landlord and tenant genuinely working together and at great speed. Everyone was sensible about the terms of the transaction."This is the first deal to be agreed on a House of Fraser store since Sports Direct stepped in earlier this month.Michael Murray, Sports Direct's head of elevation, suggested the … [Read more...] about House of Fraser London store saved from closure
Investment firms london
0 Have your say Edinburgh’s office investment market is outperforming every other part of the UK outside London, accounting for just under a quarter of all activity in the past quarter, new figures show. The latest Big Nine report from property consultancy GVA reveals that, from a total of £500 million invested across regional cities in the period from April to June, the Scottish capital attracted £124m – the highest volume outside of London.Activity in Edinburgh was bolstered by the two largest deals of the quarter outside London, which saw MAS Real Estate purchase New Uberior House for £71m and Chris Stewart Group sell The Mint Building to global property firm Hines for £53m.Pricing on The Mint, which sits off St Andrew Square, is said to have reached a record for the city and reflects the scarcity of quality stock in the market.Baillie Gifford, the investment firm, is taking over all 60,000 sq ft of Grade A office accommodation, … [Read more...] about Capital’s office investment market is star turn
Sections SEARCH Skip to content Skip to site index Business Day Subscribe Log In Subscribe Log In Today's Paper Advertisement Supported by ByDavid Barboza and Michael Forsythe Aug. 2, 2018 WASHINGTON — Just over a year ago, two senior executives from the giant Chinese conglomerate HNA landed a meeting with Steven Mnuchin, the United States Treasury secretary, at his office. The executives, Adam Tan and Guang Yang, snapped a photo with Mr. Mnuchin, holding a model plane of the HNA-owned carrier, Hainan Airlines. Officially, they wanted to discuss the state of the American economy. But HNA had other urgent business: It was trying to buy the New York investment firm SkyBridge Capital. The deal had been languishing for months while the Treasury Department and other agencies reviewed it for potential national security concerns. Other acquisitions, too, were on hold, putting pressure on a spending spree that had turned HNA into a … [Read more...] about U.S. Is Expanding Power to Block Chinese Firms. HNA Was Already No Match.
A leading African real estate investment firm announced its plan to float on the London Stock Exchange today, as it hopes to raise $120m (£90m) in a move to expand its property portfolio across the continent. GRIT Real Estate Income Group, which invests in seven African countries, is aiming to raise proceeds to buy assets in Mozambique and Ghana, as well as to expand out to markets such as Senegal and Seychelles. As part of the London floatation, the property group will sell up to 250m new shares at $1.43 per share or the equivalent of net asset value currently, with target returns being set at 12 per cent per year. Read more: Mmusi Maimane: Meet the man who wants to cut the Rainbow Nation's red tape Bronwyn Corbett, chief executive of GRIT, said: "Our planned listing on the London Stock Exchange will create a compelling opportunity for UK and other equity investors to gain exposure to the African real estate sector, which offers some of the best returns in the global property … [Read more...] about A pan-African real estate firm hopes London listing will boost expansion plans across the continent
0 Have your say Glasgow-headquartered private equity house Maven Capital Partners has spearheaded a £2.8 million investment in a peer-to-peer lending platform. Maven, which describes itself as one of the most active firms of its kind in UK, led from the front by completing a £2m investment in London-based Lending Works.The peer-to-peer (P2P) lending platform also received a combined total of £800,000 in funding from NVM Private Equity, Pollen Street Capital, and a small number of business angels.Lending Works said it will use the funds to strengthen its operational team and sales and marketing functions, with a view to expanding the business further and capitalising on the “significant growth” forecast in the P2P market.P2P and crowdfunding platforms are an increasingly common presence in the alternative finance market. Their popularity started to grow following the economic crisis, as they facilitate borrowing and lending without using … [Read more...] about Maven leads £2.8m expansion of peer-to-peer lending firm