Erinaceous Lost 4.25m On Office Sale

Summary


AFTER breaching its banking covenants, you would think troubled property group Erinaceous would keep a sharp eye out for a good deal.

Not so if the sale of its Queen Anne Street office in London is anything to go by. Boss Neil Bellis, demoted this week in an attempt to silence baying shareholders, flogged the building behind Oxford Street for 6.25m in March to a group of private investors.

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Extract


Erinaceous Lost 4.25m On Office Sale

Only three months later, the imp...

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