In the news this morning, wealth manager Alvarium is expanding overseas to help fuel its ambition of $40bn assets under management over the next three years. Co-chairman Andrew Williams spoke to EG and explained the firm’s strategy.
Also today, the market for UK shopping centres is reported to have “all but frozen up” as buyers struggle to assign values to properties affected by retailers restructuring leases.
And in hotel news, investors’ appetite for London hotels in the face of Brexit uncertainty is expected be tested after the hoisting of a “for sale” sign over the Corus Hyde Park Hotel near Paddington, while India’s biggest hotel operator plans to open 500 sites in Britain, in a direct challenge to Premier Inn and Travelodge.
