At the end of last week our blog featured a article about Laurence Glynne’s bet with a Tottenham fan, which he promptly lost. It also featured an article about how the much anticipated Noho Square development was on hold.
Today it has been announced that it is all change at Noho Square as Christian Candy’s CPC Group has carried out a swap with Icelandic bank Kaupthing. This effectively see’s the Candy brothers exit the London development, whilst Kaupthing bank has agreed to transfer its equity and shares in a Californian scheme, the 9900 Wilshire project in Beverly Hills, over to CPC.
As part of this exchange CPC have now transferred its equity and shares the Noho Square development over Kaupthing, who will now own the scheme outright.
Kaupthing have already started to search for a joint venture partner. LDG understand that CPC are on their shortlist, as a result of their detailed knowledge of the site and its full development potential.
We wished the Candy brothers all the best and now LDG would like to wish Kaupthing and any future partner(s) all the best. This is a great site that is going to play an exciting part in Fitzrovia’s future. Although one question still remains; will the new owners still name the site Noho Square?
Today it has been announced that it is all change at Noho Square as Christian Candy’s CPC Group has carried out a swap with Icelandic bank Kaupthing. This effectively see’s the Candy brothers exit the London development, whilst Kaupthing bank has agreed to transfer its equity and shares in a Californian scheme, the 9900 Wilshire project in Beverly Hills, over to CPC.
As part of this exchange CPC have now transferred its equity and shares the Noho Square development over Kaupthing, who will now own the scheme outright.
Kaupthing have already started to search for a joint venture partner. LDG understand that CPC are on their shortlist, as a result of their detailed knowledge of the site and its full development potential.
We wished the Candy brothers all the best and now LDG would like to wish Kaupthing and any future partner(s) all the best. This is a great site that is going to play an exciting part in Fitzrovia’s future. Although one question still remains; will the new owners still name the site Noho Square?
0 comments:
Post a Comment