Property Entrepreneurs Manish Chande and Martin Myers have teamed up for the third time in their 17-year relationship to create a new property company, Mountgrange Capital, which will invest in joint ventures and start-up companies.
The tie-up is the next big move for Chande, the former chief executive of Land Securities Trillium, who left on 31 March after his shock resignation from the UKs biggest property company last December.
The duo told Property Week this week that they have invested £12.5m each in the new 50:50 joint venture which will incorporate two subsidiaries, Mountgrange Investments and Mountgrange Ltd.
Property Week 12/04/02 page 1
