Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

U.K. Developer Candy Plans to Set Up Bank, Telegraph Reports

Oct. 16 (Bloomberg) -- U.K. property entrepreneur Christian Candy, who with his brother Nick developed the One Hyde Park project in London, plans to set up a 200 million-pound ($316 million) bridge-loan fund as a first step to creating a bank, the Sunday Telegraph reported, citing Candy.

Candy may also discuss obtaining an additional 20 million pounds of bridge financing from a London-based hedge fund, the newspaper said, without disclosing where it got the information.

Details of the fund are due to be released shortly, the Telegraph added. The fund, which will be offered to individuals through CPC Group’s Omni Capital unit, is part of a move to expand Omni into a financial services company that will include insurance and banking, the newspaper said, citing Christian Candy.

To contact the reporter on this story: Karen Eeuwens in London at keeuwens@bloomberg.net

To contact the editor responsible for this story: Francisco Marcelino at mdeoliveira@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.