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Tom Hunter Launches New Property Fund With Grantchester

LONDON-Specialist retail warehouse developer Grantchester has formed a new property fund with West Coast Capital, the private equity fund set up by retailer Tom Hunter.

By Graham Parker | Updated on May 23, 2001

LONDON-Specialist retail warehouse developer Grantchester has formed a new £200 million ($286 million) property fund with West Coast Capital, the private equity fund set up by retailer Tom Hunter. The fund will target existing retail parks for redevelopment.

Hunter sold his Sports Division chain for £290 million ($415 million) in 1998, and reinvested the proceeds in West Coast Capital. £20 million ($29 million) has already been invested in the leisurewear retailer d2 and in a minority stake in Bhs. Now he is targeting property through the Grantchester joint venture.

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