Browsing Category

Entrepreneurs

Candy Brothers Accuser Holyoake Paid Them £5.7m In Court Case Damages

Property developer and seafood magnate Mark Holyoake has reportedly paid fellow property entrepreneurs Christian and Nick Candy £5.7m in damages as a result of his failed claim against them. Back in 2011 Holyoake borrowed £12m from former Reading University friend Christian Candy’s company. The cash was to be used to buy and redevelop Grosvenor Gardens House, a Victorian mansion block in Belgravia, for £42m. Soon after, Holyoake claimed, the brothers began to extort money from him by making him sign new agreements…

Guest Of Foxtons Founder Jon Hunt Feared Dead In Tragic Banana Boat Accident

A guest of Jon Hunt, the property tycoon and Foxtons founder, is feared dead following an accident on a banana boat. Richard Chapelow disappeared following the boating accident in Portugal, where he was holidaying with his family. Emergency services continue to hunt for Chapelow, who was reportedly thrown from the banana boat on the Santa Clara Dam at about 5pm on Monday. He was a guest of Hunt who owns property in the area, a spokesman for Hunt said. Chapelow was part of a group of 10 Brits at the popular…

James Caan Backed POD Breaks New Ground With Inspired Homes Partnership

POD Management, the residential management company backed by former Dragons’ Den investor James Caan and entrepreneur Faisal Butt, has clinched a deal with property firm Inspired Homes. The London-based firm is introducing its home management system to Fabrick, a scheme of 184 micro-apartments in Cheadle Hulme, Greater Manchester, via the deal. POD aims to provide residents with round-the-clock support, local community engagement and an online neighbours’ forum via its myPod platform. Fabrick’s living space is optimised…

Noe Group Launches PropTech Investment Accelerator

Noe Group, the company founded by British multi-millionaire property investor Leopold Noe, has launched an accelerator programme to support real estate technology start-ups. Launched through Goldacre, which forms part of the Noe Group £2.3 billion asset management business, the RElab mentor-led programme will give start-ups the opportunity to validate their products, pilot innovations and pitch for investment. Run in collaboration with L Marks, a corporate innovation specialist and early stage investor, the programme…

UK’s Biggest Dealmaker Alex Chesterman Makes £135 Million From ZPG

Alex Chesterman, the Zoopla founder and chief executive, stands to make an impressive £135 million from ZPG, which is being snapped up by a US private equity firm. Silver Lake, which has investments in companies such as Alibaba, GoDaddy and Tesla, agreed to buy ZPG in a £2.2 billion all-cash deal at the end of last week, with Chesterman netting around £60 million from the sale of the 12.5 million shares he has in the business. He previously made £33.6 million when the group listed in 2014, and a further £40 million…

Dragons’ Den Star Teams Up With British Entrepreneur On £1bn Property Investment Firm

Dragons’ Den star James Caan has teamed up with Spire Ventures founder Faisal Butt to back a new real estate investment company. QuoinStone Investment Management, which was founded in February, is targeting value-add assets and aims to build a diverse real estate portfolio in London and regional locations with an initial £1 billion of assets under management. It will invest in multi-let assets valued between £10 million and £50 million-plus and will predominantly focus on office markets that have become undersupplied…

Londoner Launches Business Helping People Raffle Their Homes

A London-based property consultant has launched a company that helps people to shift their homes via a raffle process. Lara Buckler, 28, is starting the business with the sale of her own flat in Nunhead, South London. Raffle entrants pay £2 for a ticket and when all the tickets have been sold the winner will pick up the deeds. Buckler will use the same method to sell other people’s properties via her company houseagogo, which she launched with her property developer husband Chris. Buckler bought the Nunhead flat…

19 Year-Old Entrepreneur Builds £12m Estate Agent In 12 Months

A 19 year-old entrepreneur has managed to create an online estate agent valued at £12 million in the space of just 12 months. Akshay Ruparelia, from Harrow in North East London, launched Doorsteps.co.uk with the aim of providing good customer service at a fair price to people who are selling their homes. The company charges commission of just £99, considerably lower than traditional estate agents. The site went live just over a year ago and in a recent funding round it was valued at £12 million. …

Rob Moore: Does Remotely Investing In Property Really Work?

Low yields, London, tax changes and Brexit are all making investors think about the realistic prospect of 'investing up north'. Frankly, this is some of the most dangerous advice being bandied around. I can count on one hand people who have successfully managed to build a significant portfolio remotely. It is the exception to the rule. I'm not talking 1-5 over 10-20 years, that's easy enough (though still much harder remotely), I'm talking a portfolio that can be a real pension or replace a day job. "I can count…

Stay-At-Home Mum Builds £120m Property Development Portfolio In Five Years

A stay-at-home mum became a successful London property developer with a portfolio worth more than £120 million in just five years. Former banker Nicole Bremner tried several ventures, including baking, photography and knitting, in an attempt to earn a decent income while still looking after her children. But these ventures didn’t allow her to contribute as much as she wanted to the family finances. The 39 year-old Australian, who moved to London in 2000, then tried her hand at property development. …

The Fabulous Life Of Reza Merchant – CEO at The Collective

7 years ago Reza Merchant was graduating from university. Now he's the CEO of a multi-million pound property empire in one of the fastest growing sectors in global real estate. How did this rising star go from university dorm to the boardroom? Here's the lowdown on Merchant. He went to the eminently posh Merchant Taylors private school in Middlesex, which charges a cool £20,000 per year. He borrowed £1.8 million against his parents home to start The Collective, a micro apartment development company he…

Alan Waxman: How I Found Success In London Property

The general consensus of property development is that increasing square footage the most important selling factor. However, at Landmass we think differently. Let me tell you how I went from a small flat in Elephant & Castle to where we are today – developing and designing £30million bespoke Prime Central London properties. At Landmass we firmly believe in increasing the sense of 3D space; our trademark is what I call ‘Volumetric Design’.  For us, a dream project is a dark and dingy property that we can open up,…

Rob Moore: How I Went From £50,000 In Debt To Multi-Millionaire Property Investor

When I started in property, I was almost £50k in consumer debt. I’d tried my hand at a few businesses; art, architecture and pub landlording, but none of them were a real passion for me. My university debt compounded and times were hard. A gallery owner who was hanging out at my work invited me to a property networking event. I kept turning him down because I said “I don’t have any money”, and “I don’t know anything about property”. He said “every master was once a disaster”, and that “most people on the rich…

Richard White: How To Raise Funds From VC’s – Think Big And Ask For Advice

You’ve got to be prepared to pitch investors anywhere you find them. When I first met Oliver Samwer, Chief Executive of Rocket Internet, he asked us to jump in a cab down the road with him as he was short of time. We had 10 minutes with him and now he’s one of our biggest backers. My company Goodlord supplies software to estate agents and tenants that takes away the administrative headache and form-filling that is typically involved in renting a home. We started building Goodlord’s early incarnation with our own money. It…

Martin Skinner: How I Became a £500m Property Developer – Taking Micro Steps

My first experience of the challenges faced by young people living in London was as a student and then a young professional living in a poor quality (and tiny) bedsit in Wimbledon. With rents and house prices rising year-on-year I was desperate to buy a property of my own as early as possible. Not long after leaving university, I set up a web design business which I sold a year later – still in my early-20s. That and a £10k loan from my mum gave me the deposit to buy my first property, a three-bedroom house in…

£300Million at 30: Hotshot Developer Gary Linton Claims Huge Sales Pipeline

In 2010, aged 25, Gary Linton founded The Linton Group, a company specializing in the acquisition and development of residential and mixed use property in central London. Five years later when he turned 30 he claimed the total development pipeline of The Linton Group was in the hundreds of millions. DMZ takes a closer look at the rapid rise of the fresh-faced developer and how he dragged his business from his living room to a Belgravia Boardroom within 6 years. With a family background in property, Linton graduated…