The weekend’s national newspapers focused on news that the world’s fifth-largest pension fund, the South Korean National Pension Service, is targeting “trophy” property assets in central London. The Daily Telegraph and The Times said the company was setting up a £1.8bn fund to target landmark London office and retail properties. In other news, The Sunday Times said housebuilder Barratt Developments will launch a £500m discounted rights issue alongside its full-year results at the end of the month. It said the cash call would form part of a £5bn fundraising spree by British companies in the next two months. And finally, the Mail on Sunday reported that incoming Lloyds Banking Group chairman, Sir Win Bischoff, is expected to cull a number of non-executives who were associated with the deal to buy the ailing HBOS business earlier this year, when he joins the company next week.
The weekend’s national newspapers focused on news that the world’s fifth-largest pension fund, the South Korean National Pension Service, is targeting “trophy” property assets in central London.
The Daily Telegraph and The Times said the company was setting up a £1.8bn fund to target landmark London office and retail properties.
In other news, The Sunday Times said housebuilder Barratt Developments will launch a £500m discounted rights issue alongside its full-year results at the end of the month.
It said the cash call would form part of a £5bn fundraising spree by British companies in the next two months.
And finally, the Mail on Sunday reported that incoming Lloyds Banking Group chairman, Sir Win Bischoff, is expected to cull a number of non-executives who were associated with the deal to buy the ailing HBOS business earlier this year, when he joins the company next week.
nathan.cross@rbi.co.uk
