Consensus, which will be run by Vincent Tchenguiz, will take over the group's 110,000-property ground rents business, the £350 million ($550 million) Hilton hotel portfolio and a range of defence and procurement businesses.
R20, headed by Robert Tchenguiz, will run Rotch's £280 million ($440 million) portfolio of BT properties and the company's stakes in pub chain, Pubmaster, and in the Odeon cinema chain.
Rotch will retain what remains of the group's 800 properties including trophy buildings like West LB's £280 million ($440 million) City headquarters and the £350 million ($550 million) Shell-Mex house.
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