David Coombs is worried he has been watching too much EastEnders - although it has at least got him thinking about how assets can be dressed up as something else.
The Mitchell Brothers, of EastEnders fame, will be gutted - the ‘Duke of Kent' for their garage in the arches could soon be rising fast. Watch out Blackstone - negotiating the rent with your new tenants is not going to be as easy as with Next - in fact, it could be concrete slippers and a sleep in the Thames. Classic ending; duff duff. Ahem. So, in English, Blackstone has paid £1.5bn for Network Rail's arches property portfolio. This is clearly a niche alternative asset class with excellent growth opportunities. Or is it…? Is it a parade of shops? Is it a line of small industrial units? ...
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