Phenna Group makes trio of acquisitions
£42m Leicester Square boutique hotel for sale amid growing investor demand
A newly converted boutique hotel in Leicester Square has been listed for £42 million, reflecting increased investor appetite for London’s luxury hospitality sector. The 2-5 Charing Cross Road property is set to open by June.
London’s high-end hotel market is expanding, with 757 new luxury rooms expected by the end of 2025—the largest annual increase since 2014. Despite rising costs, demand remains strong, with occupancy rates returning to pre-pandemic levels.
However, profitability faces pressure from rising wages and operational expenses. RSM UK warns of cost challenges ahead, but increased consumer spending could help sustain growth.
Global real estate firms Avison Young UK and JLL also market the freehold contract for 3-5 Charing Cross Road.
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TowerBrook makes majority investment in Corby sustainable waste management solutions business, Axil
TowerBrook, a purpose-driven investment firm, has made a majority investment in Corby-based Axil, the sustainable waste management solutions business.
With TowerBrook’s backing, Axil is poised for growth, strengthening its market presence and expanding its service offering.
TowerBrook, has invested in Axil through its Impact strategy, TowerBrook Delta which supports high-potential companies with impact at their core. This investment aligns with Axil’s vision of delivering sustainable waste management solutions that create positive impact.
Edward Pigg, Managing Director at Axil, said: “We’re excited to welcome Towerbrook as our partner as we share the same enthusiasm and energy to improve the environmental performance of our customers.
“Our teams share many common values, and we look forward to continuing our track record of growth with their support. What impressed the Axil team during the shareholder transition was the level of engagement and interest demonstrated by Towerbrook with our staff at all levels.”
Tom Redpath, Head of Europe at TowerBrook Delta, added: “We are delighted to partner with Axil. Axil is a great example of the deep thematic work we do in TowerBrook Delta to find high growth, high potential, high impact businesses with great teams underpinned by enduring economic and behavioural demand.
“Axil sits within Resource Sustainability, one of our six key global investment pillars. As global resource scarcity rises, raw material costs increase, and supply chains grow more complex, this area is more critical than ever. In Europe, stricter regulations, higher disposal costs, and limited access to raw materials are driving a stronger push for resource sovereignty.
“Axil’s innovative resource management solutions help businesses reduce waste at source, improve recycling rates, and lower operational costs. Exceptional ROI and NPS have fuelled strong growth, creating a solid platform for the future.
“From the outset, there was real energy and chemistry with Ed and the Axil team. They embody what we seek in a partner – high-performing, high-potential, high-integrity, with low ego and a relentless drive for growth and improvement.
“We are delighted to support their growth aspirations, while maintaining their award-winning culture.”
The sellers were advised by Opus Corporate Finance.
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- Strengthen collaboration between the Office for Investment, UK government bodies, and devolved policymakers, especially in new mayoral combined authorities.
- Align government goals at all levels, linking trade promotion with the Industrial Strategy and Local Growth Plans to maximise regional specializations.
- Improve information sharing between devolved bodies and UK government officials to identify opportunities and better coordination of response.
- Pilot a national brokerage scheme to connect capital with investable projects and enhance the identification, structuring, and presentation of opportunities.
- Swiftly agree an ambitious UK-Switzerland FTA which will provide UK businesses more freedom to operate in Switzerland, secures digital trade, enables access to high-skilled UK and Swiss talent and commits to collaborating on the green transition.
- Conclude a UK-India FTA that liberalises trade in services by easing restrictions on UK businesses operating in India, securing digital trade, fostering regulatory co-operation, providing investment protection, and supporting more short-term movement of business personnel.
- Use the FTA negotiations with Gulf Cooperation Council members to embed regulatory cooperation that promotes frictionless trade and investment as well as enhancing stability and growth in the global economy.
- Put bilateral financial regulatory dialogues with markets such as the US, EU, Singapore, and Japan on a more robust footing by improving transparency, industry engagement and by adopting a more outcomes focussed approach to promote stability and growth in the global economy.
- Use the models developed under the UK-Switzerland Mutual Recognition Agreement (MRA) to secure more UK trade with other leading financial centres, such as Japan and Singapore.
- Work to boost UK and international investment (such as pensions investment) in high-growth companies and develop the UK’s ecosystem for scale-up investment. This will help to keep fast-growing businesses in the UK and grow our share of the global industry.
- Make the UK a global hub for data and technology by using trade and investment policy to lead in global technology and innovation.
- Position the UK as the world’s leading gateway to international investment opportunities.
- Target development work at markets where the industry can deliver the greatest value and capture new market opportunities.