Sunday, 22nd November 2009

 

14 September 2009 - Press Briefing

Beckwith teams up with Parkes for European property venture

Sir John Beckwith, the veteran real-estate baron, has joined forces with Gerald Parkes, the former head of Lehman Brothers' European property private equity team, to scout for investment bargains in the European commercial real-estate sector, according to a report in the Financial Times.

The team is considering options to capitalise on distressed market conditions, including courting bankers about a potential fundraising via a public offering. Oriel Securities is likely to be named an adviser.

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Brummel

Relocation, relocation, relocation

Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.

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