| Topic: | Re:Re:Re:Re:Re:Morrison's closing June 1st | |
| Posted by: | Guy Lambert | |
| Date/Time: | 03/02/18 14:23:00 |
| Do you have the slightest shred of evidence for any of this, Raymond? Essential Living has always been part of M3 as far as I can see, though two of their officers have gone. Property Week understands chief operating officer Martin Bellinger and managing director Scott Hammond have sold their shares in Essential Living Management Ltd, a company that serviced the group, to M3. The deal will see the company “internalised” within M3, a well-placed source said. Darryl Flay, chief executive officer and another founding shareholder, will remain at the company. The investment firm’s equity has bankrolled previous Essential Living site purchases and it fully owns the group. The move will not change Essential’s investment strategy, and the company plans to buy two or three sites this year, Property Week understands. |