Godwin Capital raised £162M from normal people over five years from 2019, before collapsing into administration in June.
It's implosion leaves those investors facing near total wipeout - and with questions unanswered about where their money went
bisnow.com/london/news/capit…
Administrators have told the thousands of small-time investors that backed Godwin Capital companies to the tune of £160M that they face huge losses, with only £5M of assets identified so far.
They also told investors that their money hadn't been used in the way originally specified. Read the full story here. bisnow.com/london/news/capit…
Arriving 22 April is The Underground, a new twice-a-week Bisnow newsletter going deep into the major stories in UK commercial property, written by yours truly.
If that sounds interesting (it will be), sign up here: bisnow.com/subscriptions/sub…
Michael Phillips retweeted
Mammon 1, God, nil. A bitter tale of how a Church pension fund backed the grandson of circus owner Bertram Mills to take down Steve Smith, the founder of PRS REIT, which has built 5,400 family homes for rent in seven years. Result: the death of public market PRS start ups.
Presenting this year's Bisnow Women Leading Real Estate list, 24 for '24. Having produced this list five times now, we decided to revisit the first iteration, to find out how the industry has changed. You can find out here. bisnow.com/london/news/women…
No new Chelsea stadium at Earls Court it would seem bisnow.com/london/news/mixed…
Michael Phillips retweeted
Dominus: The £2.4 billion real estate family company built by a refugee
Dominus: The £2.4 Billion Real Estate Family Company Built by a Refugee costar.com/article/34845481/…£24-billion-real-estate-family-company-built-by-a-refugee
Michael Phillips retweeted
Royal Mail takeover talks puts one of UK's most valuable property portfolios in spotlight
Royal Mail Takeover Talks Put One of UK's Most Valuable Property Portfolios in Spotlight costar.com/article/210893348…
Michael Phillips retweeted
Once a symbol of Britain's global might, the London Stock Exchange’s waning strength is now a worrying emblem of decline for the City of London.
politico.eu/article/britain-…
As part of Bisnow's ongoing analysis of what real estate's biggest players are really doing when it comes to decarbonisation, we turned our focus on to a vital part of the industry: lenders.
In the first part of this year's three part series, my colleague @CiaraReports took a deep dive into the world of green loans. They should be a win-win for real estate, helping to cut carbon and boost profits. So why are so few lenders and borrowers embracing them?
More to come later this week from @MaddyMcCarty on which lenders are embracing decarbonisation, and from me next week checking in on what has changed among the biggest owners and managers since last year. bisnow.com/national/news/sus…
Interesting news from the UK retail market - ADIA has ended its £350M sale of a majority stake in the Liverpool One shopping centre because rents are improving, but buyers aren't factoring that in to the price they are offering bisnow.com/london/news/retai…
My colleague @RPAnalyst and I took a deep dive into the world of green building certifications and sustainability ratings. These certifications are creating billions of dollars in value for real estate owners - but they're not cutting carbon bisnow.com/london/news/susta…
Michael Phillips retweeted
The iconic Orbis #Italia90 ring binder - The 🐐
Didn't know it at the time, but looking back, this 1989 Christmas present was probably the most influential present I ever received as a kid
Turned my love of football into an obsession
Here's everything you need to know about WeWork's bankruptcy: what happens now to its leases, how the bankruptcy works, to whom it owes money, whether anyone will buy it; the impacts on the office and coworking sectors; what it's like to try and re-lease empty WeWork space...
... and a fun look back on how on earth we got here. This was live within an hour of WeWork filing for chapter 11 thanks to great work from @MattWasCRE, @Miriam_Hall, Dees Stribling, @BisnowEthan, @BisnowCatie and @markfbonner bisnow.com/national/news/cow…






