Targetfollow
| File:Targetfollow.png | |
| Private | |
| Industry | Land and Property Development |
| Founded | 1992 |
| Headquarters | Targetfollow Group Limited, Riverside House, 11 - 12 Riverside Road, Norwich, NR1 1SQ |
|
Key people
|
Ardeshir Naghshineh (Founder and CEO) |
| Website | www |
Targetfollow is a property investment and development company in the United Kingdom, established in 1992 and specialising in city centre buildings.[1]
In July 2010, Targetfollow narrowly avoided going into administration, after loans exceeding £200m provided by Lloyds Banking Group expired. In total, the company's debt in July 2010 was estimated at around £700m. Much of this was lent at the peak of the property boom in 2007 by HBOS.[2] As a result of this, the company has offered a number of its Central London properties up for sale. However it has been reported that Targetfollow would rather find a joint venture partner for its Central London portfolio, and it was Lloyds Banking Group who requested the properties be put up for sale in order to repay the outstanding debt.[3]
Below is a list of recent or current Targetfollow development projects:[4]
- Baskerville House, Birmingham
- Harford Place, Norwich
- Dukes Wharf, Norwich
- Princes Street, Ipswich
- Baskerville Wharf, Birmingham
- Crete and Candia Towers, Liverpool
- 70 St Mary Axe, London
Two subsidiaries went into administration on 27 October 2010.
In January 2011, Grand Central Stockport, a leisure scheme in Stockport, Greater Manchester formerly owned by Targetfollow and in the hands of administrators Deloitte, was purchased by the local authority.
References
External links
<templatestyles src="Asbox/styles.css"></templatestyles>
 |
This article about a company of the UK is a stub. You can help Wikipedia by expanding it. |
