Brett Palos | |
---|---|
Born | Brett Alexander Palos July 1974 (age 48) |
Nationality | British |
Occupation | Property developer |
Parent |
|
Relatives | Stasha Palos (sister) |
Brett Alexander Palos (born July 1974) [1] is a British property developer and entrepreneur. He is the founder of Brett Palos Investments and the chairman of The Thackery Estate. [2] Palos owns Palos Developments, a luxury property development and design company in Miami Beach, Florida. [3]
Palos has been involved in the purchase of more than £1 billion of commercial and residential assets since 2012 with Brett Palos Investments. [2]
Brett Palos was born in 1974 to Robert Palos and Tina Green. [4] His sister is Stasha Palos. His parents opened a clothing shop in Johannesburg, South Africa and expanded the business abroad. [5] They divorced after 20 years together. [5] Brett became the step-son of Philip Green when his mother Tina married the retailer in 1990. [6]
In 1997, Palos was part of his step-father Philip Green’s negotiating team that outmaneuvered Sears plc when the company was selling its subsidiaries. [7]
In 2003, Palos bought the office supplies group ISA from the receivers to its then US parent, Daisytek International. [8] In 2005, ISA made a pre-tax profit of £5.9 million on sales of £231 million. [8] In 2006, Palos appointed investment bank Rothschild to sell ISA. [8] In 2007, Palos sold ISA to Electra Private Equity for a net gain of £35 million. [9]
In 2008, Palos, then 33 years old, was ranked 1,727 in the Sunday Times rich list with a wealth of £43 million. [9] [10]
In 2009, Palos, along with partners Anthony Lyons and Simon Conway, purchased the O2 Centre on Finchley Road in London for over £90 million. [9] [11]
In 2010, Palos added more than 500 apartments to his property portfolio after buying them in a £400 million deal with Lloyds Banking Group. [12] [13]
In 2012, Palos, along with partner Antony Alberti, acquired The Thackeray Estate, a London-based property investment company that specialises in repositioning commercial, mixed-use and residential development projects. [2]
In 2013, Palos started developing luxury spec homes in Miami. [14] A few years later, his company Palos Developments sold a waterfront spec home on North Bay Road in Miami Beach for 20 million dollars. [15] It was one of the highest sale prices ever on the street. [15] Palos described the homes his company develops as "contemporary Balinese-Deco style." [16]
In 2014, Matterhorn Palos Partnership, a joint venture between Brett Palos Investments and Matterhorn Capital, sold three Spire Healthcare hospitals for £110 million to the largest U.S. healthcare real estate trust. [17] In 2015, Matterhorn Palos Partnership sold Kings Mall shopping centre in Hammersmith, London, to Schroders UK Real Estate fund in a deal worth £153 million. [18]
In 2019, Palos’ Thackeray Estate sold Eastcheap Estate, a mixed-used scheme in London, for £45.5 million to Hong Kong investor LKK Health Products Group, the owner of the nearby Walkie-Talkie building. [19]
Palos lives in London with his wife and three children. [20] He owns a home in Miami Beach. [14]
Brett Ratner is an American film director and producer. He directed the Rush Hour film series, The Family Man, Red Dragon, X-Men: The Last Stand, and Tower Heist. He is also a producer of several films, including the Horrible Bosses series, The Revenant and War Dogs.
Brookfield Properties is a North American subsidiary of commercial real estate company Brookfield Property Partners, which itself is a subsidiary of alternative asset management company Brookfield Asset Management. It is responsible for the property management of the company's real estate portfolio, which includes facilities in the office, multi-family residential, retail, hospitality, and logistics industries.
Prudential plc is a British multinational insurance company headquartered in London, England. It was founded in London in May 1848 to provide loans to professional and working people.
Stephen Michael Ross is an American real estate developer, philanthropist, and sports team owner. Ross is the chairman and majority owner of The Related Companies, a global real estate development firm he founded in 1972. Related is best known for developing the Deutsche Bank Center, where Ross lives and works, as well as the Hudson Yards Redevelopment Project. According to Forbes magazine, Ross has a net worth of $7.6 billion in 2020, ranking him 185 on Forbes Billionaires List in 2020. Having doubled his net worth since 2008, he paid no income taxes in the next decade utilizing the losses on the properties he owned. Ross is also the principal owner of the Miami Dolphins and Hard Rock Stadium.
Knight Frank LLP is an estate agency, residential and commercial property consultancy founded in London by John Knight, Howard Frank and William Rutley in 1896. Knight Frank together with its American affiliate Cresa is one of the world's largest global property consultancies.
Douglas Elliman is an American real estate company.
Christie's International Real Estate is an international network of independently-owned luxury real estate firms with more than 400 offices and approximately 10,000 real estate agents in nearly 50 countries and territories around the world. The brand is separately owned but strategically partnered with Christie’s, the fine art auction house.
Starwood Capital Group is an investment firm headquartered in Miami Beach, Florida. It is managed by Barry Sternlicht. It was co-founded by Sternlicht and Robert Faith in 1991. In 1993, Faith left Starwood to found Greystar Real Estate Partners.
Cristina Stuart Green, Lady Green, known as Tina Green, is an English businesswoman and interior designer. Green is the director of Taveta, the majority owner of Taveta Investments Ltd, the parent company of the Arcadia Group, of which her husband, Sir Philip Green, is chairman. The Arcadia Group owned the clothing retail chains Topshop and Topman, as well as Burton, Dorothy Perkins, Evans, Miss Selfridge, Outfit, and Wallis. Taveta owned British Homes Stores (BHS) before its 2015 sale. BHS was placed into administration in 2016, and the Arcadia Group was placed into administration in 2020. Green formed the interior design company Green & Mingarelli with the Italian designer Pietro Mingarelli.
Camden Property Trust is a publicly-traded real estate investment trust that invests in apartments in the United States. As of November 30, 2021, the company owned interests in 171 apartment communities containing 58,588 apartment homes in the United States.
Rosewood Hotels & Resorts is an international luxury hotel and resort company operating 28 hotels in 16 countries, currently owned by Hong Kong-based Rosewood Hotel Group. It was founded in Dallas, Texas, in 1979 by Caroline Rose Hunt, the daughter of oil tycoon H. L. Hunt. The company was sold by Rosewood Corp. and Maritz, Wolff & Co. in 2011 to New World Hospitality for $229 million, along with five of the properties that were sold for $570 million. Arranged by Perkins Coie, the $800 million deal was awarded “Merger & Acquisition of the Year 2011” by the Americas Lodging Investment Summit.
Hines Interests Limited Partnership is a privately held company that invests in and develops real estate.
Livat Hammersmith is a retail, residential and office complex located off King Street in Hammersmith in the London Borough of Hammersmith and Fulham. Along with the other Livat Centres, it is operated by the Ingka Centres division of INGKA Holding. It was formerly known as the Kings Mall.
Crescent Heights, Inc, is an American real estate development company based in Miami, Florida, with offices in Chicago, New York, Los Angeles and San Francisco.
Maison de L'Amitié was a French Regency-style estate in Palm Beach, Florida, United States. The plot area was about 270,000 square feet (25,000 m2) and bordered a length of 492 feet (150 m) on the Atlantic Ocean. It was one of the largest and most expensive homes in the United States. The neoclassical palace had an area of 62,000 square feet (5,800 m2) and its outbuildings an area of 81,740 square feet (7,594 m2). Maison de L'Amitié had three outbuildings: a barn and two houses for guests plus a pool and hot tub. Besides the pool there was an outbuilding with two bedrooms and bathroom. A coach house was located next to the entrance gate, and the third outbuilding was located on the edge of a courtyard. The estate also included a 82,000 square feet (7,600 m2) tennis house.
The OKO Group is an international real estate development firm created by businessman, Vladislav Doronin. The company develops real estate projects in Miami and New York.
Anthony Lyons is a British property investor. He is the co-founder of Matterhorn Capital and Chairman of Future Energy Solutions.
Greystar Real Estate Partners is an international real estate developer and manager based in the United States. As of 2022, Greystar had $58.2 billion in gross assets under management, and operated in 16 countries.
Joel Schreiber is a British-born American real estate developer, investor, and founder of Waterbridge Capital.
Cain International is a privately held real estate investment firm headquartered in London. As of 2022, the company had over $14 billion in assets under management.
Mr Palos has been involved in the purchase of more than £1 billion of commercial and residential assets over the past five years via Brett Palos Investments... The Thackeray Estate is a privately owned London-based property investment company, which specialises in repositioning high-quality commercial, mixed-use and residential development projects... Originally established in the 1960s, the company was acquired by Mr Palos and Mr Alberti in 2012.
Palos, who has built spec homes in London priced as high as $8,000 per square foot, first started developing spec homes in Miami three years ago, since he first bought a property for his family on La Gorce Island in Miami Beach his net worth is 910 million he shares money with Phillip Green.
Brett Palos is the son of the Monaco-based Lady Tina Green and first husband, the South African Robert Palos, from her previous life as a boutique owner in Johannesberg.
They opened a clothes shop in South Africa and expanded the business abroad...The couple divorced after 20 years together.
he proposed, and they married in 1990 in the garden of their home
Palos, 34, netted £35m in 2007 when his ISA group was sold to Electra Private Equity. The stepson of billionaire retailer Sir Philip Green (qv), Palos clearly has an eye for a bargain. He bought ISA, a Bradford-based office supplies group, in 2003, after its US parent had gone into receivership. Last month he teamed up with Anthony Lyons (qv) and Simon Conway (qv) to buy the 02 leisure and retail centre on London's Finchley Road for £92.5m.
The latest addition to the Conway-Lyons partnership is Brett Palos. The 33-year-old was listed as 1727th with a wealth of £43million and there are rumours he has called upon the invaluable support of his stepfather, Topshop mogul Sir Philip Green.
Matterhorn Capital, a partnership of millionaire property tycoons Anthony Lyons, Simon Conway and stepson of billionaire Sir Philip Green, Brett Palos, say they will take a "hands-on" approach to the shopping centre bought for more than £90million this week.
Last year he bought more than 500 central London apartments in a £400 million deal with Lloyds bank.
Entrepreneur Brett Palos has paid Lloyds Banking Group and Residential Land Holdings about £400m for 21 apartment blocks across central London in one of the biggest residential investment deals for years.
Palos, who has built spec homes in London priced as high as $8,000 per square foot, first started developing spec homes in Miami three years ago, since he first bought a property for his family on La Gorce Island in Miami Beach.
In 2014, Matterhorn Palos Partnership sold three Spire Healthcare Hospitals for £110 million to the largest U.S. healthcare Real Estate Trust.
British commercial investment entity Matterhorn Palos Partnership, a joint venture between Matterhorn Capital and Brett Palos Investments, has sold, in an off market transaction, the prominent Kings Mall shopping centre in Hammersmith, West London.
Hong Kong investor LKK Health Products Group, owner of the Walkie-Talkie building in London, has bought a mixed-use scheme close to the skyscraper from the Thackeray Estate... Thackeray instructed BNP Paribas Real Estate to sell Eastcheap Estate, EC3, for £45.5m in October, having fully let it earlier that month.