Dawnay trots to Harlem
Dawnay Day Group has made its US debut with the $250m (£127.5m) purchase of 47 buildings in east Harlem, New York. The buildings comprise 1,137 flats, 55 shops, and seven condos and will be managed by Dawnay Day US Real Estate Management LLC.
Island director quits
Jerry Holmes, the director of Eastside & City Developments’ £900m Island scheme in Nottingham, has quit the firm. The Island is the largest urban regeneration project in the East Midlands, comprising 1.4m sq ft of offices, 1.3m sq ft of flats and 126,000 sq ft of shops on a 42-acre brownfield site.
Duke appoints Broadgate
British Land’s property management subsidiary, Broadgate Estates, has been enlisted by the Duke of Westminster’s Grosvenor to advise on its £900m Liverpool One development. It will help to set up a management strategy for the 42-acre project.
Liverpool Vision chiefs to lead quango merger
Liverpool Vision chairman Sir Joe Dwyer and chief executive Jim Gill are to guide the merger of Liverpool Vision with regeneration quangos Liverpool Land Development Co and Business Liverpool. The former Wimpey boss will chair a 17-member board that will oversee the merger. Gill will chair a management group that will advise the transitional board.
David Lloyd sale news
Whitbread has confirmed that it is evaluating “unsolicited approaches” to buy David Lloyd Leisure. Bidders include Scott Lloyd’s Next Generation Simon Halabi’s Esporta LA Fitness, owned by MidOcean Partners and Asif Aziz’s Criterion Capital. Takeover speculation pushed Whitbread’s shares up 11% last week.
