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Article: Downturn hits home as estate agency considers cash shake-up.(News)
- Article from:
- Daily Post (Liverpool, England)
- Article date:
- August 26, 2008
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Copyright informationCOPYRIGHT 2008 MGN Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ESTATE agent Foxtons and its private equity owner are embarking on a review of the business as the credit crunch squeezes the property market, it was reported last night.
The top London estate agency - sold to BC Partners for pounds 390m, in May, 2007 - is set to appoint investment bank NM Rothschild to examine the financing of the firm, a report said.
Foxtons - known for the distinctive Minis used by its staff across the capital - was set up by Jon Hunt in 1981 from a single site in Notting Hill. Mr Hunt netted a pounds 360m fortune from last year's sale, but the new owners have been left with a mountain of debt used to pay for the deal.
BC Partners is said to be ...
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Article: U-turn on bid to curb cowboy estate agents.
The Evening Standard (London, England);
June 11, 2004 ;
566 words
......a tough system of licensing for estate agents. The decision will dismay consumer groups and reputable estate agents, who believe a compulsory licence...suggests that if you move to licensing estate agents you deter new entrants to the profession...
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