Key Takeaways
- • Hamza Lemssouguer, founder of hedge fund Arini Capital Management, is in talks to buy a Georgian mansion on Belgrave Square in London's Belgravia district for £40 million ($53 million), according to people familiar with the matter, per Bloomberg.
- • The reported price would make the deal among the highest-value residential transactions in the UK capital this year.
- • No agreement is certain; the people said negotiations are ongoing and private, and the sources asked not to be identified.
Summary
The founder of hedge fund Arini Capital Management is in talks to acquire a Georgian mansion on Belgrave Square in London's Belgravia district, according to Bloomberg. Hamza Lemssouguer is negotiating to buy the property for £40 million ($53 million), based on people familiar with the matter. If completed, the transaction would rank among the highest-value deals in the UK capital this year.
Bloomberg reported that the process is ongoing and that there is no certainty a transaction will be completed. The sources, who spoke on condition of anonymity because the negotiations are private, did not provide further details on terms or timing.
The report offers no information on the fund's assets under management or strategy. It is a single-source account of a private property negotiation, and the outcome remains unconfirmed at the time of publication.
Bloomberg reported that the process is ongoing and that there is no certainty a transaction will be completed. The sources, who spoke on condition of anonymity because the negotiations are private, did not provide further details on terms or timing.
The report offers no information on the fund's assets under management or strategy. It is a single-source account of a private property negotiation, and the outcome remains unconfirmed at the time of publication.
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