{"id":1193,"date":"2015-04-23T14:57:52","date_gmt":"2015-04-23T14:57:52","guid":{"rendered":"http:\/\/poseidon-gp.com\/property\/?p=1193"},"modified":"2015-04-23T14:57:52","modified_gmt":"2015-04-23T14:57:52","slug":"mike-ashley-backs-200m-london-property-deal","status":"publish","type":"post","link":"https:\/\/poseidon-gp.com\/property\/mike-ashley-backs-200m-london-property-deal\/","title":{"rendered":"Mike Ashley backs \u00a3200m London property deal"},"content":{"rendered":"<div class=\"firstPar\">\n<p>Mike Ashley has moved into London\u2019s luxury property market by backing a deal to redevelop a storage depot in west London.<\/p>\n<\/div>\n<div class=\"secondPar\">\n<p>The Sports Direct founder is understood to have funded a \u00a3200m deal to buy the Clearings in west London from department store chain John Lewis.<\/p>\n<\/div>\n<div class=\"thirdPar\">\n<p>The Clearings is a storage depot in the heart Chelsea, but the site has planning permission for a luxury residential development comprising of 62 flats and seven townhouses.<\/p>\n<\/div>\n<div class=\"fourthPar\">\n<p>The site has been bought by property developers Citygrove and McLaren. By providing the funding for the deal, Mr Ashley is in line to bank hundreds of millions of pounds from a development that could be worth \u00a3900m when it is finished.<\/p>\n<\/div>\n<div class=\"fifthPar\">\n<p>Mr Ashley is thought to have backed the deal through his holding company Mash Holdings.<\/p>\n<\/div>\n<div class=\"body\">\n<p>The latest results at Companies House show profits for Mash Holdings more than doubled from \u00a3256m to \u00a3543m in the year to April 30, 2014.<\/p>\n<p>This surge in profits was driven by Mr Ashley selling down his majority stake in Sports Direct. The accounts for Mash Holdings show Mr Ashley, who also owns Newcastle United, raised \u00a3283m by selling off shares in the FTSE 100 high street retailer.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Mike Ashley has moved into London\u2019s luxury property market by backing a deal to redevelop a storage depot in west London. The Sports Direct founder is understood to have funded a \u00a3200m deal to buy the Clearings in west London from department store chain John Lewis. The Clearings is a storage depot in the heart [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,1],"tags":[],"class_list":["post-1193","post","type-post","status-publish","format-standard","hentry","category-news","category-uncategorized"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9PjAq-jf","_links":{"self":[{"href":"https:\/\/poseidon-gp.com\/property\/wp-json\/wp\/v2\/posts\/1193","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/poseidon-gp.com\/property\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/poseidon-gp.com\/property\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/poseidon-gp.com\/property\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/poseidon-gp.com\/property\/wp-json\/wp\/v2\/comments?post=1193"}],"version-history":[{"count":0,"href":"https:\/\/poseidon-gp.com\/property\/wp-json\/wp\/v2\/posts\/1193\/revisions"}],"wp:attachment":[{"href":"https:\/\/poseidon-gp.com\/property\/wp-json\/wp\/v2\/media?parent=1193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/poseidon-gp.com\/property\/wp-json\/wp\/v2\/categories?post=1193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/poseidon-gp.com\/property\/wp-json\/wp\/v2\/tags?post=1193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}