Thu, 19 Jan 2012 | BUSINESS SALE
Ireland’s National Asset Management Agency (NAMA) is putting Battersea Power Station up for sale, reports have said.
Agents have been appointed to sell the landmark London commercial property development site, the Irish Independent reported. Industry estimates on what the property might go for vary but some suggest as much as £500 million. The proceeds would be divided between NAMA and other project lenders, namely Lloyds Bank and Victor Hwang, a property investor.
The sale of Battersea Power Station follows Ernst & Young being appointed as administrator for the company, taking control from former owner Real Estate Opportunities (REO) when it could not repay over £500 million of outstanding loans.
Ernst & Young’s property team and estate agent Knight Frank will now search for a buyer for the iconic site. The site is the biggest of its kind in London, coming with planning permission for 8 million square feet of development. Media reports say that planning has been approved for over 3,000 homes, a retail centre and a new Tube station.
Amongst those rumoured to be interested in buying the site is Russian billionaire and Chelsea Football Club owner, Roman Abramovich.
Offering marquee hire from small to large this business services mainly the events industry, its own smaller marquee competitors and occasional work directly with individuals. They can support parties and weddings through to corporate dinners, festiv...
LEASEHOLD
This contemporary, stylish 4 star hotel has 24 comfortable and individually-designed ensuite bedrooms, a modern bar and a recently refurbished restaurant with a great vantage point and some of the best seaside views in North Wales.
This is an attractive and strategically well-located hotel in the heart of Porthmadog and a stone’s throw from the junction of the A497.
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