Richard Caring, British Most successful restaurateurs, is now planning to sell his West End Shopping bender after selling of his two non-core building assets. Mr. caring has sought off 25pc stake in North London’s famous Camden Stables Market to Israeli Businessman for $660 Million. Now he set to sell his 90pc venture the prestigious Wentworth Golf course in surrey to East investor which will make him £144 Million. Caring is hoping to use the huge capital to fuel an acquisition of London nightclubs and more restaurants, adding to his time line of achievements includes Scott, The Ivy and Annabel’s. But Caring has refused to make any statement about sale of Wentworth and it is tough decision to make. When he acquired Wentworth back in 20004 he explain it as priceless jewel of crown and say there is only one Wentworth in the world.
Telegraph Said “It is understood that Mr. Caring received three potential bids for Wentworth, the home of the annual PGA tournament, where members pay an annual fee of £8,000 on top of a £15,000 joining fee. Sources close to Mr. Caring say he was persuaded to sell his 25pc stake in Camden Stables Market, which he acquired for £40m in 2005, after receiving an offer that was too good to refuse. Fellow investors in the market, one of North London’s biggest tourist attractions, are the property company Chelsfield and Bebo Kobo, the Israeli textiles tycoon, who holds a 50pc stake.”
There are so many markets in London Inducing Camden Lock Market, Camden Stables and Convent Garden Market. So Caring will probably be adding more assets into his collection by buying any market like Camden that he just sell. This deal will leave a huge effect on London’s Dining sector, where lands repeatedly changing owners for near Record level.