Transcript of Hearing (Day 6)

Total Page:16

File Type:pdf, Size:1020Kb

Transcript of Hearing (Day 6) Day 6 Agent’s Mutual Limited v Gascoigne Halman Limited ta Gascoigne Halman 10 February 2017 Case No: 1262/5/7/16 (T) IN THE COMPETITION APPEAL TRIBUNAL Competition Appeal Tribunal Victoria House Bloomsbury Place London WC1A 2EB Before: MR JUSTICE MARCUS SMITH MR PETER FREEMAN CBE,QC (Hon)and MR BRIAN LANDERS ________________________________________________________ Between: AGENTS' MUTUAL LIMITED Claimant and GASCOIGNE HALMAN LIMITED (T/A GASCOIGNE HALMAN) Defendant ________________________________________________________ MR ALAN MACLEAN QC and MR JOSH HOLMES appeared on behalf of the Claimant MR PAUL HARRIS QC and MR PHILIP WOOLFE appeared on behalf of the Defendant ________________________________________________________ Page 1 DTI www.DTIGlobal.com 8th Floor, 165 Fleet Street (+44)207 4041400 London EC4A 2DY Day 6 Agent’s Mutual Limited v Gascoigne Halman Limited ta Gascoigne Halman 10 February 2017 1 Friday, 10 February 2017 1 MR HARRIS: Very much so, sir, and you will see in our 2 (10.06 am) 2 skeleton we have already addressed BAGS to some extent, 3 MR HARRIS: Morning, sir, unless there are any preliminaries 3 but we will take on board that point. 4 I would like to invite Mr Springett back to the stand. 4 THE CHAIRMAN: Thank you. 5 THE CHAIRMAN: We have a short ruling. 5 MR HARRIS: Thank you very much. 6 MR HARRIS: Of course, I beg your pardon. 6 Sir, may we have Mr Springett back. 7 Ruling 7 MR IAN SPRINGETT (continued) 8 THE CHAIRMAN: For the reasons set out in greater detail in 8 Cross-examination by MR HARRIS (continued) 9 our ruling, we are conscious that the course of 9 MR HARRIS: Good morning, Mr Springett. 10 admitting the audio files and transcripts would leave 10 A. Morning, Mr Harris. 11 Agents' Mutual with no ability properly to investigate 11 Q. So yesterday you had taken my train ticket and we had 12 the provenance or content of the audio files or the 12 travelled at the end of the day towards west Wales, so 13 transcripts and no real ability to counter them if so 13 we are back there. Could I draw your attention, please, 14 advised with further evidence. 14 to bundle number 6 and this time an email that begins on 15 This application has been made in the middle of the 15 page 3449. 16 trial and the factual evidence has, to a substantial 16 Do you see that this is a copy of an email from 17 extent, already been heard. To require Agents' Mutual 17 Mr Jones, with whom you had had some correspondence; 18 to do anything in response to the evidence would, in our 18 yes? 19 minds, be entirely unreasonable. 19 A. Yes. 20 On a number of occasions when seeking to counter our 20 Q. To the group of west Wales agents. If you just cast 21 concerns regarding the provenance and content of the 21 your eye over the names of the people to whom he sends 22 audio files and transcripts Mr Woolfe very properly 22 the email and copies in. Do you recognise them as being 23 sought to assuage those concerns by suggesting that 23 the Agents' Mutual members in west Wales? 24 they, the concerns, could be resolved by asking the 24 A. Yes, I do. 25 Agents' Mutual representative present at some but not 25 Q. And he says to these other agents: Page 2 Page 4 1 all of the recorded meetings about them. 1 "This is a summary of the agents meeting held 2 We wish to make explicitly clear that if this 2 yesterday." 3 evidence is admitted, then it is on the basis that 3 And he goes on to say certain things about it. And 4 Gascoigne Halman have to live with the deficiencies in 4 over the page do you see the paragraph by the first hole 5 the evidence that we describe in our ruling and cannot 5 punch, the one beginning "The agents present"? 6 at a later stage in the proceedings seek to bolster this 6 A. "There was some concern that agents had not understood 7 material by suggesting that if it were false, 7 the terms of the offer by John Notley?" 8 Agents' Mutual could have produced evidence to say so. 8 Q. No, I am -- there are three -- at the top of 3450, third 9 We will not entertain any submission that silence on 9 paragraph: 10 the part of Agents' Mutual in response to this material 10 "The agents present were all prepared to sign up to 11 indicates any form of acceptance or evidence that the 11 the Zoopla deal ..." 12 recordings are accurate or unimpeachable. 12 A. Yes. 13 On that basis, and on that basis only, we admit the 13 Q. "... subject to the points below being agreed by Zoopla 14 evidence. 14 and, of course, subjects to those agents not present 15 MR HARRIS: Sir, thank you very much. I don't have any 15 agreeing to them as well." 16 other preliminaries or housekeeping. 16 A. Yes. 17 THE CHAIRMAN: One point, as we all know, the person who 17 Q. So this is the west Wales group of agents all signing up 18 knows most about economics and competition law is 18 as a collective to the Zoopla deal, subject to ironing 19 sitting to my right and he particularly suggests that on 19 out the final wrinkles; correct? 20 horizontal matters the parties might in closing want to 20 A. Yes, and I think you can see at the top line on that 21 address us on the European Commission's communication on 21 page that there was a threshold that Zoopla had set for 22 horizontal corporation agreements 2011/C11/01 and the 22 the deal to trigger. 23 Court of Appeal's judgment in BAGS v AMRAC [2009] EWCA 23 Q. But in the context of these agents all being members of 24 750. Not a matter for this week but it might be 24 Agents' Mutual and therefore being bound by the OOP 25 a matter for work at the end of next week. 25 rule, them collectively agreeing to sign up with Zoopla Page 3 Page 5 2 (Pages 2 to 5) DTI www.DTIGlobal.com 8th Floor, 165 Fleet Street (+44)207 4041400 London EC4A 2DY Day 6 Agent’s Mutual Limited v Gascoigne Halman Limited ta Gascoigne Halman 10 February 2017 1 means that they collectively also agree to drop 1 response to Mr Jones sending you the offer. It is 3422. 2 Rightmove, don't they, insofar as they were using 2 So you say at the top of 3422: 3 Rightmove? Insofar as they were using Rightmove. 3 "Nigel, thanks for forwarding the Zoopla offer. 4 A. Insofar as they were using Rightmove. 4 Please find attached the notes and comments/thoughts." 5 Q. That is right, isn't it? 5 You see that? 6 A. That is a logical conclusion. 6 A. "For your personal use", yes. 7 Q. I am glad you see it that way, Mr Springett, because 7 Q. Yes. We can find the note at 3429. 8 that is the logical conclusion of the One Other Portal 8 A. We should just finish off this 3422 where it says: 9 rule, isn't it? 9 "I hasten to say that I would not presume to tell 10 A. In this context. 10 any member what they should do and still less a group as 11 Q. Just so you know, you were joined into this chain, if 11 sophisticated in its approach as yours. But I hope you 12 you were to go earlier in the bundle to 3446, you aren't 12 will find it helpful." 13 on this bit of the chain but you do get added to it at 13 Q. You go on to say, don't you, if you really want to 14 the email on 3446, which is a couple of days later. 14 finish off that email: 15 What you say, picking it up between the two hole punches 15 "I think what you are achieving in west Wales is 16 is in response to Mr Jones -- well, to Mr Hope, copied 16 terrific. Good luck with the meeting." 17 to Mr Jones, in the middle paragraph: 17 And that is a group meeting, isn't it? 18 "As you know, agents joining silver sign a 18 A. Yes. 19 non-binding letter of intent ..." 19 Q. And if you find the note itself, it is to be found at 20 And then it carries on: 20 3429. So this is the note that you send back about the 21 "... and I wondered if you wanted to ask all the 21 group offer that the west Wales group had received from 22 silver agents in the west Wales group to sign their 22 ZPG, isn't it? 23 contract before entering any deal with Zoopla." 23 A. Yes. 24 A. Yes. 24 Q. And what we see is that you comment about the strategy 25 Q. So you were expressly wanting them to be signing up as 25 that you think Zoopla has and then you comment about the Page 6 Page 8 1 a group, weren't you? 1 deal pricing. I don't need to read any of that out. 2 A. No, not particularly. We would have made available -- 2 I don't think any of it is confidential but I don't need 3 this was before the main conversion of silver letters of 3 to go there.
Recommended publications
  • Property Useful Links
    PROPERTY - USEFUL LINKS Property - Useful Links 1300 Home Loan 1810 Malvern Road 1Casa 1st Action 1st Choice Property 1st Property Lawyers 247 Property Letting 27 Little Collins 47 Park Street 5rise 7th Heaven Properties A Place In The Sun A Plus New Homes a2dominion AACS Abacus Abbotsley Country Homes AboutProperty ABSA Access Plastics AccessIQ Accor Accord Mortgages Achieve Adair Paxton LLP Adams & Remrs Adept PROPERTY - USEFUL LINKS ADIT Brasil ADIT Nordeste Adriatic Luxury Hotels Advanced Solutions International (ASI) Affinity Sutton Affordable Millionaire Agence 107 Promenade Agency Express Ajay Ajuha Alcazaba Hills Resort Alexander Hall Alitex All Over GEO Allan Jack + Cottier Allied Pickfords Allied Surveyors AlmaVerde Amazing Retreats American Property Agent Amsprop Andalucia Country Houses Andermatt Swiss Alps Andrew and Ashwell Anglo Pacific World Movers Aphrodite Hills Apmasphere Apparent Properties Ltd Appledore Developments Ltd Archant Life Archant Life France PROPERTY - USEFUL LINKS Architectural Association School Of Architecture AREC Aristo Developers ARUP asbec Askon Estates UK Limited Aspasia Aspect International Aspinall Group Asprey Homes Asset Agents Asset Property Brokers Assetz Assoc of Home Information Pack Providers (AHIPP) Association of Residential Letting Agents (ARLA) Assoufid Aston Lloyd Astute ATHOC Atisreal Atlas International Atum Cove Australand Australian Dream Homes Awesome Villas AXA Azure Investment Property Baan Mandala Villas And Condominiums Badge Balcony Systems PROPERTY - USEFUL LINKS Ballymore
    [Show full text]
  • Organisations/Groups on the Consultation Database Planning
    Appendix B Organisations/Groups on the Consultation Database Planning Agents/Professional Representatives 3Fox International Limited Acorn, Land & Strategic Property Division Acorus Admiral Homes Affinity Sutton Homes Alliance Planning AMEC Environment & Infrastructure UK Limited Annington Developments Ltd Appledore Developments Ltd Artesian Asprey Homes Axes Lane Banner Homes Barton Willmore Planning Partnership Batcheller Monkhouse Baxter Phillips Bell Cornwell Bellway Homes Ltd Bellway Homes Ltd, Thames Gateway South Division Berkeley Homes (South East London) Berwood Homes Bidwells LLP Bioscan (UK) Ltd BNP Paribas Real Estate Boyer Planning Limited bptw Partnership BRE Brian Barber Associates British Land Company PLC Broadlands Planning Broadway Malyan Planning Burnett Planning & Development Limited Cala Homes Calfordseaden LLP Capita Symonds Castlefort Properties Ltd Cathedral Group CBRE Ltd CgMs Consulting Chart Plan (2004) Limited Chase & Partners Clifford Rance Associates Cluttons LLP Colliers International Conrad Phoenix Properties Ltd Correct as of 21/07/2016 Conrad Ritblat Erdman Co-Operative Group Ltd., Countryside Strategic Projects plc Cranbrook Home Extensions Crest Nicholson Eastern Crest Strategic Projectsl Ltd Croudace D & M Planning Daniel Watney LLP Deloitte Real Estate DHA Planning Direct Build Services Limited DLA Town Planning Ltd dp9 DPDS Consulting Group Drivers Jonas Deloitte Dron & Wright DTZ Edwards Covell Architecture & Planning Fairclough Homes Fairview Estates (Housing) Ltd Firstplan FirstPlus Planning Limited
    [Show full text]
  • 1000 Companies to Inspire Britain 2016
    1000 1000 COMPANIES TO INSPIRE 1000 COMPANIES TO INSPIRE 2016 BRITAIN BRITAIN 2016 Our sponsors www.1000companies.com 1000 COMPANIES TO INSPIRE 2016 BRITAIN London Stock Exchange Group Editorial Board Tom Gilbert (Senior Press Officer); Ed Clark (Press Officer); Alexandra Ritterman (Junior Press Officer) Contents Wardour Led by Claire Oldfield (Managing Director) and Ben Barrett (Creative Director) 72 Marcus Stuttard The team included: Lynn Jones (Art Director); Joanna Lewin (Editor) and Wardour editorial; Forewords 5 Xavier Rolet Head of UK Primary Markets and Head Charlotte Tapp (Project Director); CEO, London Stock Exchange Group of AIM, London Stock Exchange Group John Faulkner and Jack Morgan (Production) 10 Ian Stuart 73 Sherry Coutu CBE Co-Founder, Scale-Up Institute Wardour, Drury House, 34–43 Russell Street, UK and European Head of Commercial Banking, HSBC 81 Terry Scuoler London WC2B 5HA, United Kingdom CEO, EEF The Manufacturers’ Organisation +44 (0)20 7010 0999 12 Stephen Welton CEO, Business Growth Fund 90 Tim Hames www.wardour.co.uk 14 Jim Durkin Director General, British Private CEO, Cenkos Equity & Venture Capital Association 16 Allister Heath 102 Jenny Tooth OBE Deputy Editor and Deputy Director of Chief Executive, UK Business Angels Association Pictures: Getty Images, iStock, Gallerystock Content, The Telegraph 17 Justin Fitzpatrick 113 Carolyn Fairbairn All other pictures used by permission Co-founder and COO/CFO at DueDil Director-General of the CBI Cover illustration: Adam Simpson 121 Mike Cherry Research findings
    [Show full text]
  • Zoopla Terms and Conditions
    Zoopla Terms And Conditions Genteel and forty Tadeas never ameliorating whene'er when Miguel abutting his suborner. Self-fulfilling and enjoyable Erhard often double-stopped some glance elementally or dons somberly. African Berke submitted some stand-by after inseverable Er accompanied holus-bolus. Include advertising or solicitor to a few people into reconsidering what is or alan knew alan and try to evaluate the conditions and zoopla terms and Zoopla kicks private landlord listings off internet LandlordZONE. IME Property Joins The Ranks Of Zoopla IME DJK Group Ltd. Member mentor and Conditions Zoopla. Possible and social distancing rules made valuations and viewings impossible. But ensure me forget you a conclusion or your least how I see this situation. Zoopla Limited is an appointed representative of Loans Warehouse Limited which is. Zoopla Terms people Use Zoopla. That this is equity release right to set a and zoopla terms of! Happen Digital Case Studies Helping Zoopla explain its. Zoopla is the UK's most comprehensive property website focused on. Definitions In these construction Terms and Conditions the following definitions shall apply Agent means an estate agent lettings agent and in Scotland. If children wish to fully delete your expand and sensible of its associated information please contact Customer bill You change either email helpzooplacouk or click Submit event request below and displace the contact form only're sorry we see a go. Term investment story including the eventual recovery of lost market. Zoopla london sale Francis Farm. 55000 Offers in region of pump For level by auction Terms and conditions apply In children there got another peg that can jail a managers flat This.
    [Show full text]
  • Empowering Smarter Property and Household Decisions Empowering Smarter Property and Household
    ZPG Plc Annual Report 2017 ZPG Plc Annual Report 2017 Empowering smarter property and household decisions ZPG Plc owns and operates some of the UK’s most trusted digital brands that help empower smarter property and household decisions including Zoopla, uSwitch, Money, PrimeLocation and SmartNewHomes. We are also one of the leading residential property software and data providers with a range of products including Hometrack, TechnicWeb, Ravensworth, Alto, Jupix, ExpertAgent, PropertyFile and MoveIT. Our websites and apps attract over 50 million visits per month and over 25,000 business partners use our services. p20 Focused on delivering transparency and efficiency: Most useful resource for consumers p26 Focused on delivering transparency and efficiency: Best place for our teams Contents “ We have made significant progress Strategic report towards our mission of being the 02 Highlights platform of choice for consumers 04 At a glance and partners engaged in property 06 Chairman’s statement and household decisions.” 08 Chief Executive Officer’s statement and business review Alex Chesterman OBE, 12 M&A and partnership activity Founder & CEO 14 Business model 15 Strategy 16 Stakeholder engagement 18 Our markets 28 Key performance indicators 30 Risk management and key risks 36 Financial review 42 Our people and corporate social responsibility p22 Corporate governance 48 Chairman’s introduction to governance 50 Board of Directors 52 Corporate governance statement Focused on delivering 58 Audit Committee report transparency and efficiency: 64
    [Show full text]
  • 2017-2018 Annual Investment Report Retirement System Investment Commission Table of Contents Chair Report
    South Carolina Retirement System Investment Commission 2017-2018 Annual Investment Report South Carolina Retirement System Investment Commission Annual Investment Report Fiscal Year Ended June 30, 2018 Capitol Center 1201 Main Street, Suite 1510 Columbia, SC 29201 Rebecca Gunnlaugsson, Ph.D. Chair for the period July 1, 2016 - June 30, 2018 Ronald Wilder, Ph.D. Chair for the period July 1, 2018 - Present 2017-2018 ANNUAL INVESTMENT REPORT RETIREMENT SYSTEM INVESTMENT COMMISSION TABLE OF CONTENTS CHAIR REPORT Chair Report ............................................................................................................................... 1 Consultant Letter ........................................................................................................................ 3 Overview ................................................................................................................................... 7 Commission ............................................................................................................................... 9 Policy Allocation ........................................................................................................................13 Manager Returns (Net of Fees) ..................................................................................................14 Securities Lending .....................................................................................................................18 Expenses ...................................................................................................................................19
    [Show full text]
  • Property Investor Profiles
    ACC Property Investor Profiles Accrue Capital Ltd Addington Capital 11 Hill Street, London W1J 5LG 6 Heddon Street, London W1B 4BT Tel: 020 7318 4700 Fax: 020 7409 0052 Tel: 020 7042 9250 Email: [email protected] Email: [email protected] Web: www.accruecap.com Web: www.addingtoncapital.com Contacts Contacts Stephen Webster (Chairman) Martin Roberts (Managing Director) Brian Quinn (Structured Finance) Matthew Allen (Director) Comment Alex Wagstaff (Retail Asset Management) 10/14 - Accrue Capital acquired a retail portfolio for £22.2m, at a Comment yield of 8.71%. The acquired portfolio comprises 10 fully-let assets, Martin Roberts, formerly of CIT, formed Addington in April 2010. the majority of which are retail properties — including a retail park, a neighbourhood shopping centre, a hotel, high street retail and 10/12 - Addington Capital purchased a 563 asset residential offices. portfolio from Lloyds Banking Group and Grainger for £39.1m. The The unexpired lease term is over eight years, with more than 72% properties are mainly converted houses that are privately let to of the income secured on leases in excess of five years. students across UK cities such as Edinburgh, Newcastle, Bristol, Assets include: part of Hough Retail Park, Stafford; Kingsway Manchester and Nottingham. Retail Park, Lancaster; the Fylde Road site in Southport; and Pelham Street, Nottingham. 07/14 - Addington Capital was appointed asset management partner by Tristan Capital Partners for the Tree Portfolio. The Ace Liberty & Stone Plc Portfolio was acquired
    [Show full text]
  • Newriver REIT Plc Annual Report and Accounts 2018
    & Annual Report 2018 Accounts and NewRiver REIT plc Annual Report and Accounts 2018 NewRiver REIT plc (‘NewRiver’) is a Premium Listed REIT on the Main Market of the London Stock Exchange and a constituent of the FTSE 250 and EPRA indices. Founded in 2009, we specialise in buying, managing, developing and recycling convenience-led, community-focused retail and leisure assets. Our high-quality and conveniently located portfolio provides value for money on essential goods and services to consumers across the UK, and our affordable rents and high footfall locations create desirable and profitable trading opportunities for our occupiers. It is our fundamental belief that affordability for occupiers, and not lease length, means sustainability for our business. With an experienced management team and proven business model, we have a track record of delivering growing and sustainable cash returns to our shareholders and creating thriving communities across the UK. CONTENTS Strategic Report Financial Highlights IFC Our Business at a Glance 04 Chairman’s Review 08 Our Business Model 10 Our Marketplace 12 Leveraging our Key Relationships 16 CEO Review 18 OUR FINANCIAL HIGHLIGHTS Our Strategy 24 Our KPIs 26 Property Review 32 Gross income Funds From Operations Financial Review 56 (proportionally consolidated) Our People 68 ESG Report 69 Risk Management Report 74 £107.0m £60.3m Governance FY17: £106.7m FY17: £58.2m Board of Directors 78 Corporate Governance Report 80 Audit Committee Report 85 FFO per share Ordinary dividend per share Nomination Committee
    [Show full text]
  • 1262/5/7/16 Agents' Mutual Ltd V Gascoigne Halman
    1494B Ne1485B utral citation [2017] CAT 15 IN1486B THE COMPETITION Case1504B No: 1262/5/7/16 (T) APPEAL TRIBUNAL Victoria1487B House 51505B July 2017 Bloomsbury Place London WC1A 2EB Before:421B THE1495B HONOURABLE MR JUSTICE MARCUS SMITH (Chairman)1496B PETER1497B FREEMAN CBE QC (Hon) BRIAN1498B LANDERS Sitting1499B as a Tribunal in England and Wales BETWEEN:1488B AGENTS’1500B MUTUAL LIMITED Claimant1489B -1501B v - GASCOIGNE1502B HALMAN LIMITED (T/A GASCOIGNE HALMAN) Defendant1490B Heard1491B at Victoria House on 3, 6-10, 13-15 and 20 February 2017 JUDGMEN422B T APPEARANCES1503B Mr1492B Alan Maclean QC and Mr Josh Holmes QC (instructed by Eversheds Sutherland (International) LLP) appeared for the Claimant. Mr1493B Paul Harris QC and Mr Philip Woolfe (instructed by Quinn Emanuel Urquhart & Sullivan UK LLP) appeared for the Defendant. 2 CONTENTS1587B A.1506B INTRODUCTION ............................................................................................ 6 B.1507B INDUSTRY BACKGROUND ....................................................................... 11 (1)1520B Estate agents ........................................................................................ 11 (2)1521B Online property portals, Rightmove and Zoopla ............................. 12 (3)1522B The evolution of “online” estate agents and developments in the market .................................................................................................. 14 (4)1523B Agents’ Mutual ...................................................................................
    [Show full text]
  • 25 February 2010 Mr G S Kaddish Bidwells Trumpington Road Cambridge CB2 9LD Your Ref: Dear Sir, TOWN and COUNTRY PLANNING
    25 February 2010 Mr G S Kaddish Our Ref: APP/Q0505/A/09/2103599/NWF Bidwells APP/Q0505/A/09/2103592/NWF Trumpington Road Your Ref: Cambridge CB2 9LD Dear Sir, TOWN AND COUNTRY PLANNING ACT 1990 – SECTION 78 APPEAL BY COUNTRYSIDE PROPERTIES PLC - AT LAND BETWEEN LONG ROAD AND SHELFORD ROAD (CLAY FARM), CAMBRIDGE - Application reference 07/0621/OUT APPEAL BY COUNTRYSIDE PROPERTIES (UK) LTD - AT GLEBE FARM, SHELFORD ROAD, CAMBRIDGE - Application 08/0363/OUT 1. I am directed by the Secretary of State to say that consideration has been given to the report of the Inspector, Ava Wood DIP ARCH MRTPI, who held a public local inquiry into your clients' appeals which sat for 10 days between 28 September and 19 October 2009: Appeal A: made by Countryside Properties PLC against non-determination by Cambridge City Council (the Council) of an application for residential development of up to 2,300 new mixed-tenure dwellings and accompanying provision of community facilities and landscaped open spaces including 49ha of public open space in the green corridor, retail (A1), food and drink uses (A3, A4, A5), financial and professional services (A2), non-residential institutions (D1), a nursery (D1), alternative health treatments (D1), provision for education facilities and all related infrastructure including: all roads and associated infrastructure, alternative locations for Cambridgeshire Guide Bus stops, alternative location for CGB Landscape Ecological Mitigation Area, attenuation ponds including alternative location for Addenbrookes’ Access Road pond, cycleways, footways and crossings of Hobson’s Brook at Land between Long Road and Shelford Road (Clay Farm), Cambridge in accordance with application number 07/0621/OUT, dated 5 June 2007.
    [Show full text]
  • Retail Investment 2020
    Q3 2020 Retail Investment knightfrank.com/research 2020 The dust begins to settle? RETAIL INVESTMENT REPORT RETAIL INVESTMENT REPORT WHAT YOU NEED Key Transactions - 2020 TO KNOW… Property Sector Purchaser Vendor Price NIY Broadwalk, Edgware Shopping Centre Ballymore Aberdeen Standard Investments* £71m 4.90% Project Rock Portfolio Shopping Centre MDSR Aviva Finance £80m 10.50% Clifton Down, Bristol Shopping Centre Sovereign Housing Association Blackrock* £27m 7.40% Retail Warehousing Shopping Centres High Street Waitrose Portfolio Foodstore London Metric Waitrose £62m 4.30% Countercyclical strategy to Significant capital and rental value Reasonable liquidity in smaller Waitrose Portfolio Foodstore Supermarket Income REIT Waitrose £74m 4.40% attract investors correction underway lot sizes Sainsbury's Portfolio Foodstore Supermarket Income REIT British Land £102m - Demand in the South East/London All schemes rebasing to potentially Demand returning for historic prime/ RDI Portfolio Retail Warehouse M7 RDI £157m 7.50% more resilient attractive new levels rent-paying tenants Acquisitions underwritten by Relevant schemes – prime New level of pricing accounting for Tritax Portfolio Retail Warehouse Tritax Aberdeen Standard Investments £290m 7.25% high income return or alternative experiential and local convenience – overrent Pentavia Retail Park, London Retail Warehouse Amazon Meadow Partners £65m - use values will stabilise first New use class “E” to improve 1-8 The Broadway, Ealing High Street Investra Capital PGIM £34m 5.00% Foodstore demand red hot Repositioning opportunity increasing flexibility Union Gate, Bristol High Street AEW Hunter REIM* £10m 7.30% as values tumble *Advised by Knight Frank THE YEAR SO FAR… Key Transactions - 2020 At the start of 2020 we were starting processes.
    [Show full text]
  • FOI Request 7771
    FOI Ref Response sent 7771 5 Oct 20 (CCC) Spend Data Thank you for publishing your spend data here https://www.cambridge.gov.uk/payments-to-suppliers. However, I notice that there isn’t any spending data published since March 2020. I'd like to make a request under the Freedom of Information Act 2000 for all transactions over £250 from April 2020 to at most a month in arrears from the date at which you publish in response to this request. Response: Thank you for your request for information above, which we have dealt with under the terms of the Freedom of Information Act 2000. I hope the following will answer your query: Please find attached the spend data requested for 2020/21. Further queries on this matter should be directed to [email protected] Body Name Supplier Name Account Number Invoice Date Document File Name Cost Centre / Project Code Cost Centre/Project Description Subjective Account Subjective description Invoice Amount (Excluding VAT) Cambridge City Council 2 Ton Productions Ltd 10326600 03/04/2020 053598 9900 Cambridge Live 20118 Receipts In Advance - Other Entities And Individuals £2,736.00 Cambridge City Council AA Global Language Services Ltd 10001100 01/03/2020 055279 1203 Corporate Policy 62408 Translation Services £717.11 Cambridge City Council ABC Food Law Ltd 10001400 14/04/2020 054332 1419 Environmental Health Operational Support 64300 Conference Expenses £1,072.50 Cambridge City Council ADC (East Anglia) Ltd 10002500 06/04/2020 053880 1883 Flood Risk Management 60501 Cleaning Services £1,875.00 Cambridge City
    [Show full text]