RBS sells London’s Cumberland Hotel to US and UK joint venture July 1, 2010 ROYAL Bank of Scotland has sold Cumberland Hotel in central London for £215m to a joint venture of US private equity firm Starwood Capital and property investor London & Regional. “The Cumberland sale is the largest hotel investment deal in Europe for over a year,” said Derek Gammage, head of EMEA at CBRE Hotels, which [...]
Meet the CEO of the most important City firm you have never heard of October 24, 2010 As he saunters into his office in the City, Tim Howell, the chief executive of European settlement house Euroclear, looks cool and collected. He certainly doesn’t look like a man caught in the most classic of all business squeezes – with clients wanting him to improve his services while being adamant they should pay less [...]
Tourbillon: the ultimate complication July 29, 2010 IF chronographs are at one end of the complications scale, at the other you find the tourbillon. Originally developed by the Abraham-Louis Breguet in the 18th century, it’s designed to lessen the effect of gravity and motion on the watch’s accuracy by mounting the escapement and balance wheel – which transform the inner workings into [...]
CITY MOVES | WHO’S SWITCHING JOBS August 24, 2010 Insynergy The boutique investment management firm has appointed Nicola Large as its new commercial director. Large joins from emerging markets-focused private equity firm Actis, where she was an analyst in the investor development group, focusing on the African private equity and global infrastructure sectors. She also previously worked in corporate finance at Smith and Williamson. [...]
Land Securities in record sale June 17, 2010 PROPERTY developer Land Securities yesterday set a record for the sale of an undeveloped chunk of land in London, forward-selling a retail, office and residential development on Oxford Street to the Qataris. Barwa Real Estate, in which Qatar’s sovereign wealth fund is the biggest shareholder, agreed to stump up a total of £250m for the [...]
Land Securities in record sale June 17, 2010 PROPERTY developer Land Securities yesterday set a record for the sale of an undeveloped chunk of land in London, forward-selling a retail, office and residential development on Oxford Street to the Qataris. Barwa Real Estate, in which Qatar’s sovereign wealth fund is the biggest shareholder, agreed to stump up a total of £250m for the [...]
Office hires advisors for possible sale July 2, 2010 BRITISH fashion and sports footwear retailer Office has hired advisers, which could lead to a sale of the business. The company – owned by West Coast Capital, the private equity vehicle of Scottish entrepreneur Tom Hunter – said on Friday it had appointed corporate adviser Hawkpoint in the UK and boutique investment firm Financo in [...]
The City boys offering a cut above | City A.M. September 24, 2010 IF YOU can find it in the medieval maze between Lombard Street and Cornhill, tailoring shop Cad & the Dandy is a delightful place to get yourself togged up. It mixes old-fashioned charm – an antique mahogany cutting table, an old leather sofa for those waiting to be measured up, a Union Jack across one [...]
The City boys offering a cut above September 23, 2010 IF YOU can find it in the medieval maze between Lombard Street and Cornhill, tailoring shop Cad & the Dandy is a delightful place to get yourself togged up. It mixes old-fashioned charm – an antique mahogany cutting table, an old leather sofa for those waiting to be measured up, a Union Jack across one [...]
Bellway looks to stay south June 15, 2010 HOUSE builder Bellway is upbeat despite flat sales caused by the general election and continuing economic uncertainty, it said in an interim statement yesterday. The FTSE 250-listed company said sales rates stalled at around 100 homes a week in the 18 weeks to June, the same rate as this time last year. By focusing on [...]