CITY MOVES | WHO’S SWITCHING JOBS September 22, 2010 Arbuthnot Securities The investment banking firm has hired Craig Fraser as its new head of research. Fraser was most recently deputy head of research at Liberum Capital and also previously ran the large cap pan-European leisure and business services research teams at Goldman Sachs, Lehman Brothers and CSFB. Arbuthnot has also taken on Nick Spoliar [...]
Pinnacle team brings in second agent to attract pre-let tenants to the tower September 7, 2010 ARAB Investments, the developer of the Pinnacle skyscraper, has brought in an extra letting agent to sell leases in the tower on Billingsgate. Property company CB Richard Ellis has joined Savills as joint leasing agent on the tower, which is set to be the tallest building in London when completed in 2013. “It’s something we’ve [...]
Rent soars for best West End window space August 22, 2010 WEST END retail rents are set to soar further in the wake of a record £700 per square foot lease secured by Spanish retailer Desigual. The fashion chain will pay the eye-watering sum for the lucrative window-side parts of the shop floor, as part of a deal with property investor Prupim last week. Desigual’s rent [...]
CITY MOVES | WHO’S SWITCHING JOBS August 22, 2010 Mayer Brown The law firm has appointed Dominic Griffiths as the new head of its banking and finance group in London. Griffiths joined the firm five years ago and has been instrumental in building its securitisation and leveraged finance groups in London. He takes over from Bruce Bloomingdale, who will now focus on increasing synergies [...]
Quintain JV sells offices at Pier Walk August 9, 2010 REAL estate investor Quintain has sold its Pier Walk development near Canary Wharf to DekaBank, Germany’s largest open-ended fund manager, for £97.1m. Quintain, which owned the seven-story building at Greenwich Peninsula in a joint venture with Bovis Lend Lease, said the sale represents a six per cent uplift on the property’s valuation in March and [...]
CBRE sees concrete growth July 27, 2010 CB Richard Ellis, one of the world’s largest commercial real estate service companies, posted a second-quarter net profit yesterday and its strongest revenue growth since 2007. The company said its net income was $54.8m (£35.2m), compared with a net loss of $6m a year ago after a major restructuring. Revenue for the Los Angeles-based company [...]
CITY MOVES | WHO’S SWITCHING JOBS July 25, 2010 Chartered Insurance Institute Chris Hanks, currently a management board member at Allianz UK, has been elected as the 114th president of the CII, taking over from Fortis UK chief executive Barry Smith. Hanks, pictured, joined Allianz in 1999 and is currently general manager responsible for the commercial business at Allianz UK. In addition, Julian James, [...]
CITY MOVES | WHO’S SWITCHING JOBS July 25, 2010 Chartered Insurance Institute Chris Hanks, currently a management board member at Allianz UK, has been elected as the 114th president of the CII, taking over from Fortis UK chief executive Barry Smith. Hanks, pictured, joined Allianz in 1999 and is currently general manager responsible for the commercial business at Allianz UK. In addition, Julian James, [...]
Carlyle buys up £671m of White Tower buildings July 8, 2010 AMERICAN private equity group Carlyle has snapped up six central London properties for a total of £671m, its first major purchase since 2008. The properties were part of a portfolio owned by entrepreneur Simon Halabi, which was used to secure the failed White Tower commercial mortgage-backed securities vehicle. Carlyle said yesterday the properties generate around [...]
Carlyle buys up £671m of White Tower buildings July 8, 2010 AMERICAN private equity group Carlyle has snapped up six central London properties for a total of £671m, its first major purchase since 2008. The properties were part of a portfolio owned by entrepreneur Simon Halabi, which was used to secure the failed White Tower commercial mortgage-backed securities vehicle. Carlyle said yesterday the properties generate around [...]