£2.3bn Aggreko takeover ‘in doubt’ after shareholder revolt April 21, 2021 The multi-billion pound takeover of FTSE 250 firm Aggreko has been thrust into uncertainty tonight after the company’s biggest shareholder said it would vote against the deal. Liontrust Asset Management, which owns 12 per cent of the energy provider, is set to oppose the deal, Sky News reported tonight. The news comes just a month [...]
Aggreko backs £2.3bn takeover bid from private equity firms March 5, 2021 UK equipment rental company Aggreko said this morning it endorses a £2.32bn buyout offer from private equity firms TDR Capital LLP and I Squared Capital. The company said the offer of 880p per share represents a premium of about 39 per cent to its 4 February share price. No more details were announced. Chairman Ken [...]
London e-scooter trial to launch in the City next month May 18, 2021 London’s trial of rental e-scooters will begin next month, it has been confirmed, with the City and Canary Wharf among the first areas to test the transport system. The financial hubs have been tapped alongside a core group of boroughs to take part in the trial, which will begin on Monday 7 June. More areas [...]
Make like a Bridgerton and book 18th century period property Keythorpe Hall – with its own staff April 11, 2022 Whether you’re a fan of Regency-era period drama Bridgerton or can’t stand the sight of it, retreating to a stately pile in the English countryside has always been a pleasant experience, especially for Londoners. Even though restrictions have lifted for foreign travel I still love nothing more than a simple drive out of the capital [...]
Lime looks to lessen London’s transport squeeze as e-scooter trial begins June 4, 2021 Tentatively, I step on to the slip-proof board with one nervous foot, kick away the stand with the other, and gently get going. Not having immediately crashed, I rather grandly decide I’m at the forefront of the e-scooter revolution as I begin to accelerate off into King’s Cross’ Granary Square. This, at a ‘safe ride [...]
All Hale: why this Tottenham area is a new residential superstar December 8, 2021 Tottenham Hale in North London’s borough of Haringey is part of one of the largest “opportunity areas” in the capital, receiving £1bn worth of new development and a £30m upgrade to Tottenham Hale station. “This is a really exciting time for Tottenham Hale,” says Tom Goodall, head of residential at property developer and investor Argent [...]
First-time buyers: London’s most affordable and up and coming areas June 7, 2021 The property market has boomed over the past year, thanks to the stamp duty holiday which has given a lot of first-time buyers the opportunity to get their foot on the property ladder. Coupled with the introduction of the new government backed 5 per cent deposit scheme, designed to help home buyers, the market is [...]
German constitutional court cuts Berlin rent cap April 15, 2021 Berlin’s rent cap has been struck down by Germany’s Constitutional Court today, as it ruled the pandemic-imposed law as invalid. The ruling comes as a huge blow for supporters of rent limits across Europe, as it pushed landlords to cut rents in the capital for over 300,000 tenants during the pandemic. The controversial cap, imposed [...]
Birmingham Bullring owner Hammerson confirms talks over £350m sale of UK retail parks April 12, 2021 Property giant Hammerson has confirmed that it is in talks over a deal to sell its portfolio of UK retail parks. It comes a day after reports the Birmingham Bullring owner was set to sell its seven sites for around £350m to Canadian private equity firm Brookfield. Hammerson told investors this morning that it is [...]
Hammerson completes retail park exit with £330m sale to Canadian private equity player April 21, 2021 Property giant Hammerson has confirmed that it has sold seven retail parks to private equity firm Brookfield in a £330m deal that completes the retail landlord’s exit from the struggling sector. The £330m price tag represents an eight per cent discount to the 31 December book value of £357m, and the deal concludes Hammerson’s disposal [...]