Candy flat sells for £136m April 17, 2011 THE CANDY brothers have sold one of the penthouse suites in the One Hyde Park development for a record £136.4m, documents lodged with the Land Registry show. The anonymous buyer, under the guise of a British Virgin Islands-registered company and a Swiss private bank account, bought the three-floor apartment plus parking spaces and a wine [...]
Cheesegrater skyscraper to get go ahead October 25, 2010 British Land is teaming up with Canada’s Oxford Properties to develop the Leadenhall Building in the City financial district, the second crisis-hit skyscraper project to be revived within a week. Britain’s second-largest property company yesterday said it had agreed terms to build the 47-storey scheme in a 50:50 joint venture with the real estate arm [...]
NO PLAN B FOR BRITAIN SAY TORY BELIEVERS July 7, 2011 DON’T have a business card on you? No problem – just write your name on the back of a £50 note and drop that in the hat for the City lunchtime raffle instead. Yes, it could only be the annual fundraising gathering of The Cities of London & Westminster Conservative Association, where the Tory body’s [...]
REVEALED: THE CITY’S BEHIND-THE-SCENES BOARDROOM LUNCHES July 11, 2011 THE DAYS of conspicuous client entertainment are over, as the City’s fattest cats rein in their largesse in the fallout of the financial crisis. Or are they? Just days after the Bribery Act came into force, The Capitalist hears business is booming for a high-end catering service recreating City restaurants in the boardrooms of investment [...]
REVEALED: THE CITY’S BEHIND-THE-SCENES BOARDROOM LUNCHES July 11, 2011 THE DAYS of conspicuous client entertainment are over, as the City’s fattest cats rein in their largesse in the fallout of the financial crisis. Or are they? Just days after the Bribery Act came into force, The Capitalist hears business is booming for a high-end catering service recreating City restaurants in the boardrooms of investment [...]
BEST OF THE BROKERS November 17, 2010 BURBERRY Standard & Poor’s rates the retailer as a “hold” with a target price of £10.60 after in-line half-year results. The broker believes Burberry’s increased sales in non-apparel play to its model as a luxury brand, but does not expect any significant consensus upgrades and believes the rise in GDP could hamper its future performance. [...]
Genteel, smart… meet the old Marbella July 24, 2011 THE plane descends over the southern Spanish countryside and the perfect rows of olive trees almost resemble a Roy Lichtenstein cartoon from above, neatly formed into different sections by hill slope and field. The dramatic mountains give way to bold blue waters and there are whisps of white as the waves collide with the land. [...]
British Land closes £29m West End offices deal April 16, 2010 BRITISH Land has sealed a £29m deal for a West End development site. The 93,000 square-foot property in Baker Street was bought from Irish developer McAleer & Rushe. It will be developed as a mixed office and retail scheme which has already been given planning permission. The company said it was confident that the market [...]
All Saints on the verge of buyout deal April 26, 2011 FASHION chain All Saints was on the verge of being sold to US private equity house Goode Partners last night, despite an audacious eleventh hour bid by British venture capital veteran Jon Moulton, the chief executive of the firm told City A.M. “I think the deal is imminent,” said Stephen Craig. “Goode will be a [...]
Overseas raiders ready to take Ascot by storm June 12, 2011 THIS year’s Royal Ascot will be more cosmopolitan and international than ever before with the arrival of arguably the strongest raiding party ever assembled. Tomorrow’s King’s Stand Stakes, possibly the world’s premier five furlong sprint, is packed full of horses from around the globe. The Barry Hills-trained Equiano broke a five-year sequence of non-British trained [...]