Rowsley: Leveraging on majority shareholder Peter Lim's extensive network and influence, Rowsley made a £3.2m ($6.8m) investment for a 50% stake in Fi-nestday, a JV company owned by close friends and former football stars Gary Neville and Ryan Giggs.
Fi-nestday owns the historic Northern Stock Exchange building in Manchester, UK, which will be renovated into a boutique hotel with restaurants, rooftop bar and other amenities, expected to start operations in 2017.
Channel checks showed that the 1907 building was bought by Gary Neville in early 2013 for £1.5m. This implies that the value of the property surged more than three times in barely three years, way above the 12.5% and 19% rise in prime London office properties in 2013 and 2014, respectively.
Rowsley's share price spiked to a high of $0.183 (+4.6%) in early trading today following the news.
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