GOING OUT November 16, 2011 November is for locals, with new London bar openings in all corners and for all tastes. The D&D group have just opened Carom in the Meza space on Wardour Street (above Floridita). This Indian bar/restaurant will be serving subcontinental wines and whiskeys never before seen in Great Britain in the large, refurbished space. Azulito, a [...]
Super prime property set to hit records November 15, 2011 LONDON’S super prime residential developments are expected to achieve record values of £10,000 per square foot as the capital continues to attract wealthy international investors, research from Knight Frank shows. Demand for luxury apartments and houses in London’s golden postcodes like Mayfair and Knightsbridge boomed earlier this century, with market values escalating from £1,000 per [...]
Kesa coughs up £50m to dump Comet November 9, 2011 KESA Electricals was yesterday forced to pay a £50m dowry to offload Comet, its struggling British electricals chain. OpCapita, the restructuring specialist that is buying Comet, paid a headline consideration of just £2 for the loss-making chain. But in reality, Kesa – which is also taking on Comet’s €45.9m pension deficit – is paying a [...]
Pipeline design business latest to go as ailing Mouchel continues asset firesale October 24, 2011 MOUCHEL, the struggling infrastructure group, has continued to offload unwanted assets by selling its pipeline design business to Mott MacDonald for up to £3.4m. Mott MacDonald, a management, engineering and development consultancy, will pay an initial £2.55m for Mouchel Energy, a new business set up for the disposal, which has revenues of £4.7m. Working capital [...]
Mouchel sells energy arm to Mott MacDonald October 24, 2011 Mott MacDonald has has bought Mouchel Energy for an initial £2.55m. The deal come after after Mouchel Rail was sold to Australian consultant Sinclair Knight Merz for £3.4m. Mouchel will use money from the sale – which could reap a total of £3.5m in total – to repay some of its debt pile. The unit [...]
Kesa mulls move to quit London listing October 23, 2011 KESA Electricals is considering quitting the London Stock Exchange in favour of a Paris listing once it has sold its troubled Comet business. Moving the group to France would help it to avoid constant comparisons with Britain’s retail sector, a shift some major shareholders would view as beneficial. It could also change its name to [...]
Knight Frank partners share £73m bonus pool October 23, 2011 PARTNERS in the upmarket estate agent Knight Frank have landed a £73m payout after profits rose by 10 per cent in the last financial year, buoyed by foreign investors flocking to London’s luxury property market. The firm, which advises on both residential and commercial property deals, saw pre-tax profits rise to £101.9m in the year [...]
FOCUS ON: WINDSOR, BERKSHIRE October 20, 2011 ST LEONARD’S DALE Price: £2.1m This Georgian residence was designed by Anthony du Gard Pasley. It is grade II-listed and approached through wrought iron gates and a classic carriage driveway. The property is screened on all sides by mature trees and hedges. Contact: Knight Frank on 01344 840 020 or go to www.knightfrank.com SHEET STREET [...]
Shares are flat as struggling Mouchel begins asset sell-off October 20, 2011 AILING outsourcing group Mouchel finally got its firesale of assets underway yesterday but the first deal will generate only £3.4m initially. It has agreed to sell its rail business and related assets to Australia’s Sinclair Knight Merz for cash and hopes to claw back a further £2.5m having retained certain assets, such as money owed [...]
CLAPHAM, SW4 October 13, 2011 CALDERVALE ROAD Price: £950, 000 On a tree-lined street just a few minutes walk from Clapham Common, this four bedroom family home stretches over 1,800 square feet and has room for extension. The property retains many of its original features. Contact: Douglas & Gordon on 020 8675 4400 or go to www.douglasandgordon.com CLAPHAM COMMON Price: £2.45m [...]