Rowsley strikes deals with former Manchester United stars

It is investing in a mixed use project and also acquiring a hotel, cafe and hotel management firm

Dylan Tan

Published Thu, Aug 27, 2015 · 09:50 PM

London

PREMIER League managers may be trying to beat the clock to sign players before the transfer window shuts on Sept 1 but two deals of a different kind involving Singapore-listed Rowsley and former Manchester United stars have been struck well ahead of the deadline.

The first deal announced on Thursday involves Rowsley, a real estate company controlled by former remisier king Peter Lim, investing in a £200 million (S$432 million) mixed use project named St Michael's with former Manchester United stars Gary Neville and Ryan Giggs.

Rowsley will pay approximately £40 million (S$88m) for a 75 per cent stake in St Michael Investments, a company set up for the development. The footballi…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes