Disney Hotels, Paris (Benson Elliot)

Global asset manager acquires UK/Europe leisure property portfolio

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,…

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Northgate cinema and leisure complex

Somerset cinema and leisure development draws council investment

PLANS to build a cinema and leisure complex in Bridgwater have taken two steps forward this week. Sedgemoor District Council, which owns the site and will be fully funding the scheme, wants Northgate to become a premier attraction for Bridgwater, complete with a seven-screen cinema, four restaurants, a gym and a car park with 111 spaces. Last month the project was awarded £750,000 by the Government to create a cinema led leisure hub and improved open space on the site of the former Northgate Brewery but this week the project took two…

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'sorry we're closed' sign

Where UK retail shops are closing fastest

The coronavirus crisis has accelerated the shift away from retail premises towards e-commerce, a new study suggests. Around 300,000 square metres of retail space was lost in England and Wales in the past year, the equivalent of 42 football pitches, said private wealth and property law firm Boodle Hatfield. Manchester lost the largest amount of retail space, followed by Kingston upon Hull, Coventry, Sheffield and Peterborough, said the report. Boodle Hatfield said the current moratorium on evictions could be disguising the true impact of the pandemic on the retail sector…

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