Nick Leslau’s Prestbury Investment Holdings netted £32.4m from the sale of Max Property Group to Blackstone, the company’s latest results have revealed.
The figure reflects a 60.4% premium on the group’s initial £20.2m investment in Max in 2009 and a 17% premium to the £28.9m at which the stake was valued at the end of 2013.
Blackstone paid £447.8m for Max in July 2014. The value of the group’s stake in Leslau’s latest listed vehicle, Secure Income REIT, which is selling Madame Tussauds in London has surged.
Its initial stake was valued at £73m but as of 15 January was valued at £129m.
