The potential deal
Hamza Lemssouguer is negotiating to acquire a £40 million property in Belgravia's Belgrave Square. At that price, it would be one of the priciest purchases in the UK capital this year.
The process is still underway and could stop short of a sale. That is according to people with knowledge of the talks, who requested anonymity because the negotiations are private.
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Who is involved and what is known
The listing agent, Knight Frank, said it had no comment. A representative for Lemssouguer didn't reply right away when asked for comment. The Financial Times reported the talks first.
Why investors are watching
Arini launched in 2022 with $1 billion in initial backing and has since expanded to roughly $22 billion in assets. The firm has been navigating credit market stress, with a 19.7% drop in October that widened its year-to-date loss to 32%. If this Belgrave Square purchase goes through, it would mark a high value transaction during a volatile year for the fund, a contrast investors will note even if it does not directly change your portfolio's risk profile.
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