DEBATE: Should we have a right to work from home? March 25, 2021 Alison Newton, co-head of real estate at Addleshaw Goddard says No Up until March 16 last year, there was a common view among city firms that those who work from home were in some way slacking off. Coronavirus has given us a great opportunity to bury the presenteeism principle, demonstrating that working from home can [...]
US private equity firms step in where UK houses remain cautious August 5, 2020 US firms are increasing their share of the market as UK private equity houses retreat amid market uncertainty. Exclusive data seen by City A.M. shows the number of private equity investments in the UK fell by 17 per cent in the first half of the year. Investments by UK PE houses plunged 27 per cent [...]
Private equity firms eye listed companies as economy starts to reopen July 11, 2020 The coronavirus pandemic has left a number of UK-listed companies scrambling for cash, with private equity firms tempted to swoop as the crisis develops. PE firms are eyeing opportunities as they move to deploy more of their dry powder into public entities as the economy starts to reopen in the wake of the coronavirus crisis. [...]
Hammerson sells seven retail parks to Orion for £400m February 21, 2020 Hammerson has sold seven retail parks to Orion’s European real estate fund for £400m, the largest sale of its kind in the UK for a decade. The parks are dotted around the country in places such as Didcot, Falkirk, Rugby and Telford. The deal, which is expected to raise proceeds of £395m, takes the total [...]
KPMG sells pensions arm in private equity-backed management buyout December 5, 2019 KPMG has sold its pensions arm in a management buyout backed by private equity firm Exponent. KPMG said today it had signed a conditional agreement to sell its pensions practice to Newco, which is backed by Exponent and KPMG’s 20 pensions partners. All 20 partners and 500 staff will transfer to the new business, which [...]
Margrethe Vestager says EU will review competition rules in light of increasing digitalisation December 9, 2019 The EU will review its rules on how it defines markets to react to increasing digitalisation, EU competition chief Margrethe Vestager said today. Vestager said it was time to review the EU’s market definition notice which has been in place since 1997. “Changes like globalisation and digitisation mean that many markets work rather differently from [...]
City Moves for 8 July – Who’s switching jobs? July 8, 2019 Today’s City Moves includes Addleshaw Goddard, Mediacom UK and BNP Paribas Real Estate. Addleshaw Goddard Addleshaw Goddard has appointed Jon Tweedale as co-head of international arbitration to lead the practice alongside current practice head, Simon Kamstra. Based in the law firm’s London office, Tweedale has a broad practice, which includes energy and life sciences. His [...]
Battersea Power Station secures £600m funding for regeneration project September 12, 2019 Battersea Power Station has secured a £600m debt facility from its existing lenders to help finance the third phase of its redevelopment plan. The developer behind the project said it had agreed the funding with a consortium of financial institutions led by Standard Chartered. Read more: Battersea Power Station opens Coaling Jetty to the public [...]
Why the housing minister merry-go-round is hurting the industry February 18, 2020 When Boris Johnson sacked housing minister Esther McVey last week, people working in the sector could have been forgiven for reacting somewhat wearily. Her replacement, Christopher Pincher, is the tenth person to hold the job in the last decade, and the nineteenth since 2000. It is, by some distance, the worst churn experienced by any [...]
Tax system to the rescue: Six policy tweaks that could kickstart the economy June 23, 2020 The past three months have seen a deluge of economic, political, and legal moves that would have been unthinkable at the start of the year. As civil liberties were curtailed on a scale never seen in peacetime and ten million children were turned away from school, new hospitals were built in a matter of weeks, [...]