Bid queue forming at Benchmark
13 April 2012
PREDATORS are circling Benchmark, the £250m central London property company part-owned by one of Asia's richest men.
Benchmark chief executive Nigel Kempner said the company''has received a number of unsolicited approaches of a very preliminary and tentative nature from various parties indicating they may be interested in making a possible offer'.
Cantor Fitzgerald this week declared a 5.29% interest in the company.
About 70% of Benchmark's shares are split equally between billionaire Malaysian tycoon Quek Leng Chan and Friends Provident.
Kempner said in September that the company was exploring 'all its options' to narrow the discount between its share price and its net asset value - what its properties are worth.
