Gala Coral is in prime position to bid for the Tote after ministers rejected an offer from a racing consortium and said it would review the disposal of the state betting operation.
The government entered into a closed-sales process with the consortium, regarded as a preferred bidder, after establishing a value for the business thought to be around £400m.
References: Financial Times 30/09/06 page 18
Start your free trial today
Your trusted daily source of commercial real estate news and analysis. Register now for unlimited digital access throughout April.
Including:
A local private investor has snapped up the multi-let office for £6.1m
Agency sees group-wide rises for leasing and capital markets revenue
The refurb is set to deliver 250,000 sq ft of office space at 125 Shaftesbury Avenue
Fund house picks up city site from Nuveen
