Search
 

Grantchester Quits Quoted Sector

LONDON-Grantchester Holdings is being taken off the London Stock Exchange in a pounds 167.6 million management buy-out.

By Anita Howarth | Updated on August 21, 2002

LONDON-Granchester Holdings, the only specialist retail warehouse developer quoted on the London Stock Exchange, is going private.

The company’s management, backed by investment houses West Coast Capital and HBOS, will run the retail property group under the name of Dundonald.

Grantchester has seen its market value shrink in the past two years after returning £200 million from property sales to shareholders. Chairman Nick Hewson said the lack of property coming onto the market means the group is “in danger of dropping off the radar screen” in the City.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.