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Global asset manager acquires UK/Europe leisure property portfolio

20th October 202020th October 2020 OzSeeker

PineBridge Investments To Acquire Benson Elliot Capital Management London and New York, 14th October 2020, PineBridge Investments (‘PineBridge’), a private, global asset manager focused on active, high-conviction investing, has reached an agreement to acquire Benson Elliot Capital Management (‘Benson Elliot’), a UK-based private equity real estate fund manager. Financial details of the transaction are not being disclosed and the transaction is subject to certain customary regulatory and other approvals. Benson Elliot, which was founded in 2005, manages over US$3.5 billion of equity and holds a diversified portfolio currently comprised of office,…

National Picture Theatre, Hull. Photo from Wikimedia Commons

Hull’s National Picture Theatre needs help to bring bomb-hit cinema back to life

16th October 202016th October 2020 OzSeeker

A major project to bring a Hull landmark back to life is looking for volunteers to help in the restoration process. The National Picture Theatre on Beverly Road is looking for people to help assist with a project to conserve and repair the building and its heritage features. The derelict Hull cinema was almost destroyed in a 1941 bombing raid and could re-open as an education centre and memorial late next year. It’s thought to be one of only a few examples in the UK of a surviving non-military ruin from…

The Stinger Report: “redefining the new phase of entertainment coverage”

14th October 202014th October 2020 OzSeeker

The Stinger Report: Reinvesting in the Entertainment Landscape | Part 7 | # 1041 Report Skinny Redefining the new phase of immersive entertainment coverage in The Stinger Report; and in this seventh (two-part) report, we look at the impact and re-emergence of the VR free-roaming (Arena-Scale) business, first looking at the upheavals and new developments. Main Report It would be all too easy to write off the VR amusement sector, with some even pontificating that location-based VR has probably taken a terminal hit from COVID. At the same time, we have…