Type | Private |
---|---|
Industry | Real estate |
Founder | Asif Aziz (CEO) |
Headquarters | London |
Area served | Europe |
Website | www |
Criterion Capital is a privately-held British property company, which owns and manages property estate in prime areas of London, particularly in Leicester Square and Piccadilly Circus. [1]
The company was founded by current Chief Executive Asif Aziz, a Malawi-born developer. [2] The company's flagship project is the London Trocadero leisure complex on Piccadilly Circus, which was acquired in 2005. Part of the building was converted into a hotel which opened in 2020: the Zedwell Piccadilly has 728 windowless rooms and a large rooftop bar. [3] [4]
In April 2020, the company served its tenants with notices that they would be met with legal action if they did not pay rent during the COVID-19 pandemic in the United Kingdom, despite the government moratorium on evictions. [5] The company extended rent-free periods to some tenants that were deemed to be "in need." [6] Plans were submitted in May 2020 to develop parts of the building's basement into a mosque. [7] These plans drew controversy as the Picadilly neighborhood was known for its nightlife rather than places of worship. [8]
Criterion Capital is also developing projects in Croydon with the purchase of two office buildings around 2015, [9] and has a riverside site at Enderby's Wharf, East Greenwich. [10]
The ultimate owner of the company is a trust linked to Aziz, via ACT Property Holdings Ltd, an Isle of Man company. [11]
In 2022, the company invested €80 million into residential apartments in Miraflores, Portugal. This was the company's first expansion outside of the United Kingdom. [12]
Piccadilly Circus is a road junction and public space of London's West End in the City of Westminster. It was built in 1819 to connect Regent Street with Piccadilly. In this context, a circus, from the Latin word meaning "circle", is a round open space at a street junction.
Green Park is a London Underground station located on the edge of Green Park, with entrances on both sides of Piccadilly. It is served by the Jubilee, Piccadilly and Victoria lines. On the Jubilee line it is between Bond Street and Westminster; on the Piccadilly line it is between Piccadilly Circus and Hyde Park Corner and on the Victoria line it is between Victoria and Oxford Circus. It is in fare zone 1.
The London Pavilion is a building on the corner of Shaftesbury Avenue and Coventry Street on the north-east side of Piccadilly Circus in London. It is currently a shopping arcade and part of the Trocadero Centre.
Lots Road Power Station is a disused coal and later oil-fired and later gas-fired power station on the River Thames at Lots Road in Chelsea, London in the south-west of the Royal Borough of Kensington & Chelsea, which supplied electricity to the London Underground system. It is sometimes erroneously referred to as Fulham Power Station, a name properly applied to another former station a mile south-west along the Tideway.
The Criterion Theatre is a West End theatre at Piccadilly Circus in the City of Westminster, and is a Grade II* listed building. It has a seating capacity of 588.
The London Trocadero was an entertainment complex on Coventry Street, with a rear entrance in Shaftesbury Avenue, London. It was originally built in 1896 as a restaurant, which closed in 1965. In 1984, the complex reopened as an exhibition and entertainment space. It became known for the video-game oriented SegaWorld attractions which were added in 1996, and later downscaled and renamed to "Funland" before its closure in 2011. Part of the building was opened as a hotel in 2020.
Coventry Street is a short street in the West End of London, connecting Piccadilly Circus to Leicester Square. Part of the street is a section of the A4, a major road through London. It is named after the politician Henry Coventry, secretary of state to Charles II.
Leaseback, short for "sale-and-leaseback", is a financial transaction in which one sells an asset and leases it back for the long term; therefore, one continues to be able to use the asset but no longer owns it. The transaction is generally done for fixed assets, notably real estate, as well as for durable and capital goods such as airplanes and trains. The concept can also be applied by national governments to territorial assets; prior to the Falklands War, the government of the United Kingdom proposed a leaseback arrangement whereby the Falklands Islands would be transferred to Argentina, with a 99-year leaseback period, and a similar arrangement, also for 99 years, had been in place prior to the handover of Hong Kong to mainland China. Leaseback arrangements are usually employed because they confer financing, accounting or taxation benefits.
Rent regulation in New York is a means of limiting the amount of rent charged on dwellings. Rent control and rent stabilization are two programs used in parts of New York state. In addition to controlling rent, the system also prescribes rights and obligations for tenants and landlords.
The Apthorp is a condominium building at 2201–2219 Broadway on the Upper West Side of Manhattan in New York City, United States. The 12-story structure was designed by Clinton & Russell in the Italian Renaissance Revival style and occupies the full block between Broadway, West End Avenue, and West 78th and 79th Streets. It was built between 1905 and 1908 as a residential hotel by William Waldorf Astor, who named it after the Apthorp Farm, of which the site used to be part. The Apthorp is a New York City designated landmark and is listed on the National Register of Historic Places.
The Cavalry and Guards Club is a London gentlemen's club, at 127 Piccadilly, situated next to the RAF Club.
The London Night Bus network is a series of night bus routes that serve Greater London. Services broadly operate between the hours of 23:00 and 06:00.
Shaftesbury Capital, formerly Capital & Counties Properties plc, (Capco) is a United Kingdom-based property investment and development company focused on sites in the West End of London. It is listed on the London and Johannesburg stock exchanges and is a constituent of the FTSE 250 Index.
Capital & Centric Ltd is a Manchester-based property developer.
Asif Aziz is a London-based billionaire entrepreneur and philanthropist. As the founder and Chief Executive of Criterion Capital, he is known for owning and operating key landmarks including the London Trocadero and Criterion Building in Piccadilly Circus. Aziz is also the founder of family based charity the Aziz Foundation.
Redlands Mall was a mall in Redlands, California with two anchors, CVS Pharmacy and Gottschalks. The mall, located on about 12 acres on Orange Street and Eureka Street between Redlands Boulevard and Citrus Avenue, was built in 1977. The mall permanently closed in 2010.
The Housing and Planning Act 2016 is Act of Parliament in the United Kingdom that makes widespread changes to housing policy and the planning system. It introduces legislation to allow the sale of higher value local authority homes, introduce starter homes and "Pay to Stay" and other measures intended to promote home ownership and boost levels of housebuilding. The Act has been subject to a number of criticisms by those opposed to the loss of social housing promoted, the extension of right-to-buy to housing associations and possible work disincentives under "Pay to Stay".
33 Tehama is a luxury residential apartment complex in the South of Market neighborhood in San Francisco, California. The building is 380 feet (120 m) tall, 35 stories, and contains 403 residential units.
Carl Raymond Haglund is the president of Columbia Modern Living, a property management and real estate development company based in Seattle. Haglund has been criticized for his actions as a landlord and a Seattle law prohibiting landlords from raising rents on properties that do not meet maintenance standards is popularly known as the "Carl Haglund law".
The 2021 Berlin referendum, formally referred to as Deutsche Wohnen & Co. enteignen or DW enteignen, was a referendum held and passed in Berlin in 2021. Voters were asked if they approved of the expropriation of the property of private real-estate companies with 3,000 or more units in the city, through public purchases by the Berlin state government. This would affect 243,000 rental apartments out of 1.5 million total apartments in Berlin. The largest such real-estate company is Deutsche Wohnen, for which the initiative is named, followed by Vonovia. In total, the referendum would impact 12 large real-estate companies.