Financial Times Alphaville - January 26, 2007
Robert Tchenguiz is poised to put a portfolio of Welcome Break motorway service stations on the market to take advantage of rising investor demand in the sector. It is understood that agents DTZ have been hired to sell the nine properties for about £365m. The move comes on the heels of the sale of Moto and RoadChef at prices that suggest a strong appetite for such assets. Mr Tchenguiz and RBS, his partner on the deal, paid £270m for the assets in 2004 through a sale-and-leaseback deal by Investcorp, the Bahrain-based investment group, which still owns Welcome Break’s operating business.
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