Jamie Ritblat

Last updated

Jamie Ritblat
Born
James Ritblat

18 February 1967
NationalityBritish
Education Eton College
Alma mater University of Bristol
Employer Delancey
Known forProperty development
RelativesSir John Ritblat (father)

James Ritblat (born 1967) is a British businessman. Ritblat worked for British Land, the company acquired by his father Sir John Ritblat, until 1995 when he left to start his own business, Delancey, of which he is the chairman and chief executive. James Ritblat and wholly owned offshore subsidiaries of Delancy appear in the Panama Papers database. [1] In 1998, billionaire George Soros 's Quantum Realty Fund was reported to have taken a controlling shareholding in Delancey through a deal with Ritblat. [2] In 2010, the Crown Estate sold Royal Mint Court freehold to DV4 (a subsidiary of Delancey incorporated in the BVI) in an off-market sale [3] and in 2011, Delancey, with the Qatari ruling family, bought the Olympic Village used in the London 2012 Olympic Games.

Contents

Early life and family

James Ritblat was born on 18 February 1967. [4] His father, Sir John Ritblat, is chairman of British Land, one of the largest property companies in the United Kingdom.

Ritblat was educated at Eton College and graduated from the University of Bristol. [4]

Career

Ritblat founded Delancey, a property development firm, in 1995 after he left British Land. [5] [6] He serves as its chairman and chief executive. [5] The firm was formerly quoted, but in 2001 went private again after a share buyback. [7]

In 2011, Delancey, with the Qatari ruling family, bought the Olympic Village used in the London 2012 Olympic Games. [8] [9] [10] This was followed by the acquisition by Delancey of quoted property company Minerva. The deal was seen by The Telegraph as Jamie Ritblat stepping out of the shadow of his father and becoming an independent player in the British property world. The paper commented, "Ritblat is emerging from the recession as a major influence in the Central London property market" and compared his deal-making to the techniques that his father used to build his own business: "Just as his father did in the downturns of the 20th century, he is playing a central role in the reshaping of the industry as distressed assets are unwound." [11] The London Evening Standard commented, "A series of big deals including the purchase of the Olympic village – in a joint venture with Qatari Diar – has seen this behind-the-scenes son of Sir John begin to eclipse his father." [12]

In February 2015, City A.M. reported that Ritblat's company was in talks to sell the Walbrook building in London for £600m, which they had owned since 2011. [13]

When David Brudenell-Bruce, Earl of Cardigan lost a long court battle to prevent the sale of Tottenham House, Wiltshire, Ritblat was thought to have been the buyer in the £11.5 million transaction. [14]

Political donations

Ritblat is a donor to the British Conservative Party. [12]

Other appointments

Ritblat has served as a "lay member" of the College Council of King's College London since 2006. [5] He is a governor of the Southbank Centre. [15]

Related Research Articles

<span class="mw-page-title-main">Jamie Oliver</span> British chef and restaurateur

James Trevor Oliver MBE OSI is an English chef, restaurateur and cookbook author. He is known for his casual approach to cuisine, which has led him to front numerous television shows and open many restaurants.

<span class="mw-page-title-main">Daley Thompson</span> English decathlete

Francis Morgan Ayodélé Thompson,, better known as Daley Thompson, is a British former decathlete. He won the decathlon gold medal at the Olympic Games in 1980 and 1984, and broke the world record for the event four times. He was unbeaten in competition for nine years.

<span class="mw-page-title-main">Peter Palumbo, Baron Palumbo</span> British politician, art collector, property developer and nobleman

Peter Garth Palumbo, Baron Palumbo is a property developer and art collector. Palumbo was the last chairperson of the Arts Council of Great Britain and a life peer. He sat as a Conservative in the House of Lords from 1991 to 2019.

<span class="mw-page-title-main">Embassy of the United States, London</span> Diplomatic mission of the United States in the United Kingdom

The Embassy of the United States of America in London is the diplomatic mission of the United States in the United Kingdom. It is located in Nine Elms and is the largest American embassy in Western Europe and the focal point for events relating to the United States held in the United Kingdom.

Minerva plc is a London-based British developer and property company co-founded by Sir David Garrard and Andrew Rosenfeld. Garrard and Rosenfeld took the company public in 1996 and subsequently left the business. Minerva returned to private ownership in 2011, on being acquired in a joint venture by clients of Delancey and Ares Management.

<span class="mw-page-title-main">John Ritblat</span>

Sir John Henry Ritblat is an English property developer. He is honorary president of The British Land Company PLC, an FTSE100 London-based property company that George Soros's G Soros Realty Investors acquired a stake in during 1993.

<span class="mw-page-title-main">Chelsea Barracks</span> Former British Army barracks in London

Chelsea Barracks was a British Army barracks located in the City of Westminster, London, between the districts of Belgravia, Chelsea and Pimlico on Chelsea Bridge Road. The barracks closed in the late 2000s, and the site is currently being redeveloped for residential use by Qatari Diar, a subsidiary of the Qatar Investment Authority (QIA).

<span class="mw-page-title-main">George Soros</span> Hungarian-American investor, philanthropist

George Soros is a Hungarian-American businessman and philanthropist. As of March 2021, he had a net worth of US$8.6 billion, having donated more than $32 billion to the Open Society Foundations, of which $15 billion has already been distributed, representing 64% of his original fortune. Forbes called him the "most generous giver".

<span class="mw-page-title-main">The Gate, Newcastle</span> Leisure, Entertainment in Newcastle upon Tyne, United Kingdom

The Gate is a retail and leisure complex in Newcastle upon Tyne, England.

Nicholas Anthony Christopher Candy and Christian Peter Candy are British luxury property developers. The brothers were estimated to share a joint net worth of £1.5 billion in the Estates Gazette rich list 2010, placing them at position 52 in the list of the richest property developers in the United Kingdom.

<span class="mw-page-title-main">Hamad bin Jassim bin Jaber Al Thani</span> Qatari politician

Sheikh Hamad bin Jassim bin Jaber bin Mohammed bin Thani Al Thani, also known informally by his initials HBJ, is a Qatari politician. He was the Prime Minister of Qatar from 3 April 2007 to 26 June 2013, and foreign minister from 11 January 1992 to 26 June 2013.

<span class="mw-page-title-main">Qatar Investment Authority</span> Sovereign wealth fund of Qatar

The Qatar Investment Authority is Qatar's sovereign wealth fund. The QIA was founded by the State of Qatar in 2005 to strengthen the country's economy by diversifying into new asset classes. In 2021, the QIA had an estimated $450 billion of assets.

<span class="mw-page-title-main">James Palumbo</span>

James "Jamie" Rudolph Palumbo, Baron Palumbo of Southwark is a British entrepreneur and member of the House of Lords.

<span class="mw-page-title-main">Lifschutz Davidson Sandilands</span>

Lifschutz Davidson Sandilands is a practice of architects, urban designers and masterplanners established in 1986 and practising out of London.

Amanda Louise Staveley is a British business executive. She is notable chiefly for her connections with Middle Eastern investors. She helped a Saudi consortium take over Newcastle United in a deal completed in October 2021 and has joined the board of directors.

Ghanim Bin Saad Al Saad is a Qatari businessperson and the Chairman of GSSG Holding.

<span class="mw-page-title-main">East Village, London</span> Human settlement in England

East Village is a housing development in Stratford, East London that was designed and constructed as the Olympic Village of the 2012 Summer Olympics and has been converted for use as a new residential district, complete with independent shops, bars and restaurants. The area was formerly contaminated waste land and industrial buildings to the north of Stratford town centre.

Delancey Real Estate Asset Management Limited is a British property development company that has wholly owned subsidiaries such as DV4 based in offshore jurisdictions. The billionaire George Soros invested in the company in 1998. The company appears in the Panama papers. In 2011, the Qatari ruling family bought the Olympic Village used in the London 2012 Olympic Games. The area has been renamed the East Village.

<span class="mw-page-title-main">Royal Mint Court</span> Building in London, England

Royal Mint Court is a building complex with offices and 100 shared-ownership homes in East Smithfield, in London's East End, close to the City of London financial district.

<span class="mw-page-title-main">Edward Lister, Baron Udny-Lister</span> British political strategist, Downing Street Chief of Staff

Edward Julian Udny-Lister, Baron Udny-Lister, is a British special adviser, political strategist and former politician who served as Downing Street Chief of Staff from 2019 to 2021. He originally solely advised on strategy until the departure of Dominic Cummings as Chief Adviser to the Prime Minister in November 2020. He was previously the Deputy Mayor of London for Policy between 2011 and 2016 and was also Leader of Wandsworth Council from 1992 to 2011.

References

  1. ↑ "Offshore Leaks Database Metro Shopping Fund GP Limited". 19 May 2004.
  2. ↑ Paterson, Lea (29 May 1998). "Soros buys into UK property asdf asdfasdfrates". The Independent.
  3. ↑ "ROYAL MINT COURT". Delancey.
  4. 1 2 James (Jamie) RITBLAT, Debrett's
  5. 1 2 3 King's College London: Mr Jamie Ritblat: Lay member of the College Council
  6. ↑ Cash is king... and Delancey's got plenty. Jonathan Russell, The Daily Telegraph , 29 March 2008. Retrieved 22 May 2015.
  7. ↑ Delancey goes private with £264m buy-out. Rosie Murray-West, The Telegraph, 7 April 2001. Retrieved 22 May 2015.
  8. ↑ Olympic Village snapped up by Qatari ruling family for £557m. Julia Kollewe, The Guardian , 12 August 2011. Retrieved 22 May 2015.
  9. ↑ Olympic Village sold to consortium for £557m. Vanessa Kortekaas, Financial Times , 12 August 2011. Retrieved 22 May 2015.
  10. ↑ Delancey, Qatari Diar to Buy Olympic Site for $906 Million. Tariq Panja & Christopher Spillane, Bloomberg Business , 12 August 2011. Retrieved 22 May 2015.
  11. ↑ Minerva deal sees Jamie Ritblat follow in father's property footsteps. Graham Ruddick, The Telegraph, 30 June 2011. Retrieved 22 May 2015.
  12. 1 2 London's 1000 most influential people 2011: Property, London Evening Standard, 7 November 2011
  13. ↑ Jamie Ritblat’s Delancey in talks to sell the City’s Walbrook building for £600m. Kasmira Jefford, City A.M., 2 February 2015. Retrieved 22 May 2015.
  14. ↑ Hicks, Amber (27 January 2016). "Hotel dream 'still alive' for Tottenham House". The Wiltshire Gazette and Herald. Retrieved 28 March 2017.
  15. ↑ Board of Governors. Archived 17 December 2012 at the Wayback Machine Southbank Centre. Retrieved 22 May 2015.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.