Israeli investor Igal Ahouvi is working on a £600m acquisition of an NCP car parks portfolio.
Ahouvi is close to tying up an initial £25m deal for several car-park sites across the country. Sources said the deal was a precursor to acquiring a £600m slice of the UK network of sites owned by Royal Bank of Scotland.
A subsidiary of Israeli energy, car and property conglomerate Delek is taking a minority stake of around 20% in Ahouvi’s deal.
Barrs Freer-Smith’s Andy Barrs, who advises Ahouvi, said he hoped the deal would be completed soon.
Gerald Eve advises RBS but declined to comment.
See this Saturday’s Estates Gazette for the full story.
References: EGi News 10/07/03
