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news news extra for more on each of the stories below visit:
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Moog UK Westcott provides engine for Jupiter mission
Moog UK Westcott, the rocket-propulsion research, development, test and manufacturing company based at the 650- acre Westcott Venture Park, located between Bicester and Aylesbury, has designed and built the LEROS 1b main engine powering the mission to Jupiter ...
HMT advises RBS on MBO of 1st Option Safety Group
HMT LLP, based in Henley-on-Thames and led by partner Paul Read and senior manager Adrian Howells, has undertaken due diligence for the Royal Bank of Scotland and its management on the management buyout of 1st Option Safety Group ...
Station Hill development starts with The Biscuit Tin
Demolition on the Station Hill site in Reading town centre is now complete, and Tony Page, Reading council’s deputy leader and its lead member for strategic environment, planning and transport, has officially opened the coffee shop and temporary events space, signalling the start of the new mixed-use development which, once complete, will comprise 930,000 sq ft of offices, alongside 150,000 sq ft of shops and over 450 homes ...
Berry Recruitment broadens its sights
Berry Recruitment has appointed Zoe Ellis, its Oxford branch manager, to national strategic sales manager with a brief to develop the commercial side of the business across its 32 locations in England and Wales.
Ellis has managed Berry Recruitment in Oxford for nine years with a particular focus on recruiting in the office and finance sectors ...
What now for CRE as UK chooses Brexit? asks CoStar News
The UK electorate has spoken and it has chosen to leave the EU, a vote many in the commercial real estate industry have dreaded, says CoStar News. Hopes of a speedy second half bounce-back in transactions on the back of a remain vote have been immediately extinguished and there is much concern about the period of uncertainty that comes now as the UK redraws its position on the global stage. That said the property industry has had plenty of time to prepare itself for this eventuality and is already providing level- headed advice as to how to respond in order to survive and prosper ...
Patrizia releases new office space at Winnersh Triangle
Patrizia UK has officially brought 115,000 sq ft of Grade A office space to the Reading market, following the completion of a new development and refurbishment at Winnersh Triangle.
The new 61,780 sq ft office scheme at 1030 Eskdale Road, which was completed earlier this year, is located at the western end of the park, and is arranged over four floors. At 220 Wharfedale Road, the redevelopment works have increased the original 44,000 sq ft to 52,744 sq ft ...
Blackberry picks The Pearce Building in record rent deal
TH Real Estate has secured Blackberry, the global leader in secure mobile communications, as its latest occupier at The Pearce Building, Maidenhead, at what is reportedly the highest rent ever achieved in the Thames Valley.
The Pearce Building comprises 50,000 sq ft arranged over eight floors. Blackberry has leased 16,500 sq ft on the ground, fifth and sixth floors for £37.50 sq ft for a 10-year lease from July this year. This means that half of the building has been let within six months of practical completion ...
Societe Generale acquires Kleinwort Benson
Societe Generale has confirmed the closing of the acquisition from Oddo & Cie of Kleinwort Benson in the UK and Kleinwort Benson Channel Islands Holdings.
The newly-acquired businesses will be fully integrated with Societe Generale Private Banking Hambros (SGPB Hambros) by early 2017. Until full integration, they will operate as independent entities within Societe Generale group.
Eric Barnett, CEO of SGPB Hambros, has been appointed CEO of Kleinwort Benson with immediate effect, replacing Martha Boeckenfeld who has decided to leave
businessmag.co.uk
BHF KB Group after the successful completion of this transaction. A CEO of both companies, Barnett is charged with developing cooperation between the two businesses ahead of the planned integration. Subject to regulatory approval, he will be proposed as CEO of the new combined private bank.
Jean-Francois Mazaud, head of Societe Generale private banking, said: “This is a great moment in the development of our private banking franchise, bringing together two of the most recognised names in wealth management, with shared values and a common heritage.”
The acquisition of Kleinwort Benson reflects Societe Generale’s growth strategy in private banking in its core markets of Europe, the Middle East and Africa, and is aligned with its ambition to be the relationship-focused private bank of reference.
The combined SGPB Hambros and Kleinwort Benson business will represent more
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than £14 billion of assets under management.
The transaction has been approved by the relevant regulatory authorities. The acquisition has no significant financial impact on the Societe Generale group.
societegenerale.com privatebanking.societegenerale.com @sg_privatebank
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