Grainger set to gain from slump August 11, 2010 Britain’s biggest residential landlord Grainger said yesterday it plans to cash in on the wilting housing market by buying up discount real estate. The firm, which has around £2.8bn of assets under management, bought £154.8m of properties in the past ten months, with a further £67.6m of buys in the pipeline. It sold 593 vacant [...]
Grainger set to gain from slump August 11, 2010 Britain’s biggest residential landlord Grainger said yesterday it plans to cash in on the wilting housing market by buying up discount real estate. The firm, which has around £2.8bn of assets under management, bought £154.8m of properties in the past ten months, with a further £67.6m of buys in the pipeline. It sold 593 vacant [...]
Twilight distributor aims to put a stake through the heart of rivals October 11, 2010 LAST month Entertainment One chief executive Darren Throop was being served cocktails by a vampire. Nearby, a werewolf dressed only in a pair of tattered denim shorts performed an elaborate handstand. He was celebrating the release of one of the year’s biggest movies, the latest installment of the Twilight Saga, at a lavish party at [...]
CITY MOVES | WHO’S SWITCHING JOBS September 16, 2010 Oppenheimer Investments Iain Morpeth, one of Clifford Chance’s most senior private equity lawyers, is joining the Swiss project financing adviser as its new chief operating officer, based in London. Morpeth has been at Clifford Chance for the past 23 years and specialises in the real estate sector. His track record includes advising on Meridian Delta [...]
Persimmon to pay dividend on sales rise August 24, 2010 HOUSEBUILDER Persimmon resumed interim dividend payments on the back of a return to pre-tax profit yesterday, while the chief executive remained confident the firm can ride out turbulence in the market. “We are 95 per cent sold up on our targets for the year, so I’m reasonably happy about our position,” said chief executive Mike [...]
PROPERTY NEWS August 26, 2010 BACK TO THE BOOM YEARS FOR PUTNEY The property boom years are back, at least in Putney. An eight-bedroom house in Heathview Gardens has just sold for £5.3m, one of the highest prices ever paid for a property in SW15. Russell White, franchisee of Winkworth Putney who handled the sale, said: “The Putney sales market [...]
Working out her unfair advantage October 14, 2010 SHE claims she is tired after a long overdue catch-up with a friend the night before, but Julie Meyer looks glamorous and speaks sharper and faster during our interview than most people do on their best day. With this sort of energy, it is little surprise that Meyer is simultaneously an entrepreneur, investor, business adviser [...]
Working out her unfair advantage October 14, 2010 SHE claims she is tired after a long overdue catch-up with a friend the night before, but Julie Meyer looks glamorous and speaks sharper and faster during our interview than most people do on their best day. With this sort of energy, it is little surprise that Meyer is simultaneously an entrepreneur, investor, business adviser [...]
Facebook couldn’t have been British October 18, 2010 IT is simply untrue that Britain doesn’t produce any wealth and job creating entrepreneurs any more. Take some of the stories in today’s City A.M.; they demonstrate that Britain retains a vibrant start-up and growth culture. Hugh Willis, 50, and Mark Poole, 49, who founded BlueBay in 2001, are today each £82m richer after they [...]
Breeden dumps shares in Connaught after warning August 11, 2010 HEDGE fund Breeden European Partners has sold almost half its stake in troubled social housing repairs group Connaught, after the value of its holding plunged by more than £13m in recent weeks. Breeden European had declared a stake of 13 per cent, or 18m shares, at the start of July, fuelling talk of a break-up [...]