Jump to content

Recommended Posts

  • 2 weeks later...

???? Wrote:

-------------------------------------------------------

> I think the heads of the employees are also pretty

> empty


What has everyone got against Foxtons? What gets me is why they have satalite tv on 24/7?


I think a shop that size would make a good Mcdonalds wouldn't you agree? Food for thought.

You really have it in for Foxtons macroban. Why so much interest? is it purely estate agent driven?


Anyway - I'm sure you have alerted us to Foxtons having breached its covenants before. Its by no means the end for a business, just a renegotiation of their debt facilities, although it makes it more difficult to survive.


They have recently sold a house on our road and very quickly at that (I did think it was undervalued even in the current market) - also it seems they have more activity in their office recently, so I'm not sure what to think about their future.

  • 2 weeks later...
  • 3 weeks later...
  • 2 months later...
  • 5 months later...

A new chapter in Foxton's history - from City AM this morning:


Estate agent Foxtons was taken over by its lenders yesterday, after its private equity owner agreed to a refinancing deal that saw its stake in the firm massively diluted.


BC Partners bought the chain that was synonymous with the London property boom for around ?360m in 2007 from founder Jon Hunt, who offloaded the business at the top of the market.


But yesterday the private equity house handed lenders led by Bank of America and Mizuho a majority stake in the business. BC Partners will retain the largest minority stake and has pumped less than ?50m of new equity into the estate agents.


Under the deal, Foxton's debt has been cut from ?300m to ?120m. Most of the debt was from ?260m of bank loans to fund BC Partners' buyout.

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Latest Discussions

    • @Penguin68 I find your post really weird and frankly  a bit creepy. The discussion is about the fact that a charity shop has a sale on and whether their pricing and stock policy has changed. To twist that into an attack on government fiscal policies and an oblique snipe at the cross party supported assisted dying legislation, passed with clear support from the majority of the public, is just bafflingly bizarre. I am relieved that you stopped short of blaming Southwark Council or TfL. There is no contradiction between the intent of the assisted dying bill and the work of hospices, it does not force doctors to do anything and suicide doesn’t exist- it was abolished as a crime in 1961.  If you wish to raise yet another argument you have already lost, I suggest you start a new thread rather than divert this one off topic.
    • Hi all,   I'm Natalie, piano teacher in Nunhead.    I teach all ages, children, teens, adults, all styles.   Lessons are fun, and tailored for what the student needs/wants.    I've opened up loads of new slots every day of the week, daytimes, and after school and evenings.    I've been teaching for 15 years, am a performer, singer, guitarist and keyboard player in a few local bands, and I do stage management for UK's largest open mic, as well as run my own events, for my students, and Singer Songwriter showcases.      Call or text me on 07730 402336. Natalie.
    • Another stinker, thank goodness for the international break. Week 3 points...   Week 3 table...  
Home
Events
Sign In

Sign In



Or sign in with one of these services

Search
×
    Search In
×
×
  • Create New...