Property giant Capco snaps up 26 per cent stake in rival Shaftesbury in £436m deal June 1, 2020 UK property manager Capco has acquired a 26 per cent stake in London-focused property firm Shaftesbury for £436m. Capco has bought the stake from a trust set up by Hong Kong tycoon Samuel Tak Lee for 540p per share, representing a discount of 13.9 per cent to the closing Shaftesbury share price on 29 May. [...]
Plans unveiled for £100m underground development in West End November 6, 2019 Plans have been submitted for a £100m underground development to expand the Harley Street medical area in London’s West End. The 280,000 sq ft development beneath Cavendish Square – one of the capital’s original Georgian squares – will house healthcare facilities as well as retail and leisure spaces. Read more: West End landlord Shaftesbury unaffected [...]
West End landlord Shaftesbury sued by tycoon shareholder Samuel Tak Lee June 11, 2019 Hong Kong billionaire Samuel Tak Lee has launched legal proceedings against one of London’s largest landlords over a capital raise. West End property group Shaftesbury announced that Lee, its largest shareholder, was suing the company over a share placing in December 2017 and was seeking £10.4m in damages. Read more: West End landlord Shaftesbury braced [...]
Shaftesbury boosts West End property revenue as showdown with major shareholder looms May 21, 2019 West End landlord Shaftesbury’s war of words with its largest shareholder hotted up today as it announced a 5.2 per cent revenue boost in its first-half results. The company is facing a potential £10m claim from its largest investor – Hong Kong billionaire Samuel Tak Lee. Lee, who owns approximately 26 per cent of the [...]
West End landlord Shaftesbury braced for court row with tycoon shareholder May 2, 2019 A bitter row between a major London landlord and one of its largest shareholders has descended into threats of legal action this morning. FTSE 250 property giant Shaftesbury Group, which owns large parts of the West End including much of Carnaby Street and Chinatown, is braced for a court battle with Hong Kong billionaire Samuel Tak Lee [...]
West End landlord Shaftesbury braced for court row with tycoon shareholder May 2, 2019 A bitter row between a major London landlord and one of its largest shareholders has descended into threats of legal action this morning. FTSE 250 property giant Shaftesbury Group, which owns large parts of the West End including much of Carnaby Street and Chinatown, is braced for a court battle with Hong Kong billionaire Samuel Tak Lee [...]
UK stocks 2020: Which shares are City A.M. staff backing in the new year? December 30, 2019 The UK stock market looks set to end the year on a high after the Tories’ election win and progress in US-China trade talks alleviated the uncertainty that has weighed on markets for months. But the road ahead is far from clear, with the looming Brexit date of 31st January and various upcoming trade negotiations [...]
Shareholder feud mounts as Samuel Tak Lee plans to vote against re-election of Shaftesbury bosses February 7, 2019 The war of words between one of London’s largest landlords and a Hong Kong billionaire has escalated this morning in the run-up to an investor showdown set to take place tomorrow. Samuel Tak Lee, who owns a 26 per cent holding worth £700m in West End property group Shaftesbury, has revealed today that he will [...]
Norges moves up on rival Sammy Tak Lee after upping its stake in Shaftesbury Group November 22, 2018 Norges Bank Investment Management (NBIM) has upped its holding in West End landlord Shaftesbury for the second time in a fortnight, escalating a power tussle between the sovereign wealth fund and rival shareholder Sammy Tak Lee. The Norwegian fund increased its holding in the FTSE 250 group from 22 per cent to 23.15 per cent [...]
City Moves for 21 February – who’s switching jobs at Cushman & Wakefield, Baker Botts and Kingswood Holdings? February 20, 2019 Who’s on the move today? Cushman & Wakefield Cushman & Wakefield has re-hired Duncan Gilliard as a partner in its central London retail team to bolster its market leading offer. Gilliard, who previously worked for Cushman & Wakefield for five years, joins from JLL where he was a director in the London retail team. He [...]