Hard times for Ed’s Easy Diners
A total of 26 Ed’s Easy Diners will close after food industry tycoon Ranjit Boparan, who owns Giraffe and Harry Ramsden, bought the company through a pre-pack administration overseen by KPMG.
His Giraffe Concepts business will take ownership of the remaining 33 restaurants.
For the full list, click here.
London office stake up for sale
Standard Life is selling a 50% stake in a five-asset London office portfolio valued at £460m.
It includes Juxon House, 98 St Paul’s Churchyard, EC4; Endeavour House, Shaftesbury Avenue, WC2; 10 Piccadilly, W1; 12 Charles II Street, SW1; and The Exchange, Victoria Street, SW1.
Standard Life will continue to manage the properties.
Strutt & Parker has been appointed to market the portfolio.
Citwax buys Holborn Links
Teddy Sagi’s Citwax Investments has bought the Holborn Links Estate, WC1, for around £300m.
The portfolio of 34 properties has been bought from a group of investors advised by Triangle Group.
The 465,000 sq ft portfolio includes office, educational, retail and residential buildings and restaurants.
CBRE director Lacey resigns
CBRE residential executive director Chris Lacey, one of the most well-known agency names in the PRS, has resigned.
He had been at CBRE for more than 30 years.
Colliers makes another buy
Colliers has added to the £63m spent on acquisitions in the past few years with the purchase of Bollingbrook, an independent commercial building consultancy, quantity surveyor and project management company, for an undisclosed fee.
Colliers spent £14m on Briant Champion Long Services, and £31m on H2SO and Chantry Lodge, in 2014, and £18.7m on Hatton Residential in January.
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