Allied London buys out Spinningfields investors

ALLIED London has taken full control of the Spinningfields development in Manchester after buying out property investor Delancey and the Royal Bank of Scotland, which each held 40%.

According to the acquisition of Spinningfields' holding company, Capital Holdco, has been backed by Pramerica - part of US-based Prudential Financial - and a loan from RBS.

Allied London's chief executive Michael Ingall said: “This transaction enables us to capitalise on our exemplary track record as a succ... For the full story register now for free or login below...