Wed, 30 Jan 2013 | COMMERCIAL PROPERTY
An unusual commercial property deal looks to be on the cusp of going through, according to recent reports.
Spitalfields Market, a historic East London location, has become popular with more fashionable types these days when compared with its humble beginnings. Now its developer Sean Mulryan and the National Asset Management Agency (NAMA) look set to be on the verge of pushing ahead with a deal to sell the Old Spitalfields complex.
The Times reported that NAMA is working with Mr Mulryan on restructuring around €1 billion (£857 million) in debt and the sale of the market - which is expected to be somewhere in the region of £100 million - would go someway towards helping this matter.
Among those reported to be interested in buying the market is JPMorgan Asset Management, which already owns the nearby Bishops Square development. There has also been a suggestion that the market could be bought and transformed into a concert venue.
The location can trace its roots back to 1682 and has a strong fanbase among local residents who have fought hard (albeit unsuccessfully) against the City of London Corporation to block redevelopment in the past.
For sale is a long-established tree surgery and arboricultural services business with an excellent reputation, serving both domestic and commercial sectors across Southern England, including the Home Counties and London.
An opportunity has arisen to acquire a mechanical engineering company specialising in the Water Industry. Benefitting from over 3 decades of trading, this business has built a solid and long standing client base comprised of prominent UK utility comp...
An opportunity has arisen to acquire a reputable IT support and development services provider with a UK-wide client base and a proven record for innovation and resilience in the constantly evolving IT sector. Throughout its 25+ year trading history,...
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.