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Developer pulls £1bn Simpson Haugh hotel rather than face inquiry

Developer pulls £1bn Simpson Haugh hotel rather than face inquiry
bdonline.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bdonline.co.uk Daily Mail and Mail on Sunday newspapers.

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Further blow for Simpson Haugh's £1bn Seifert hotel as ministers wade in | News

The Kensington Society said the main parties to the inquiry would be the developer Rockwell, supported by the mayor of London, and the council, supported by local residents and the society.
The proposals would see a wrecking ball taken to the 1970s Seifert landmark which stands in a garden square beside the A4 Cromwell Road.
Designed by Manchester’s Simpson Haugh for hotel owners Queensgate Investments and Rockwell, a new 30-storey hotel would replace the existing building’s 906 rooms with 749 rooms and 340 serviced apartments along with a spa, restaurants and conference facilities.
A £90m adjoining block would also be built containing 62 affordable apartments. The developer said the scheme would also involve a 2,700sq m garden square. ....

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Private Equity Fund Loses Privacy Ruling in Racism Case

Private Equity Fund Loses Privacy Ruling in Racism Case
Bloomberg
1/20/2021
Jonathan Browning
© Bloomberg
Skyscrapers in the square mile financial district of the City of London, U.K., on Monday, Jan. 4, 2021. Britain s long-awaited trade deal with the European Union still leaves many questions unanswered for the world s biggest banks, trading venues and money managers as they prepare for a rupture in the region s financial system.
(Bloomberg) A private equity fund backed by families in Hong Kong and Qatar lost a bid to keep claims of fraud, racism and anti-Semitism away from public scrutiny.
London-based Queensgate Investments LLP wanted to hold further court proceedings in private. But Judge James Tayler said the upcoming hearing should be in public, saying investors and others shouldn’t be prevented from learning about claims alleging financial misconduct. ....

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