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PRESS

 

Merlion man conquers mountain - and malady

ESTATES GAZETTE 17th January 2009

Merlion Capital slimmed down dramatically last month.

However, the move was not part of a strategic downsizing due to market conditions, but the result of a nasty bug contracted by the company's founder, Charles Chamberlain, as he struggled up Mount Kilimanjaro in Tanzania to raise money for Prostate Cancer Research.

Despite the bug - which helped him to lose 12lbs in weight - Chamberlain reached Uhuru Peak, the mountain's summit, and raise 3,000 for the charity.

 

Merlion man conquers mountain

Chamberlain (right) raised 3,000 for
Prostate Cancer Research - and lost
12lbs in the attempt
.

4th November 2006

Merlion plans 120m revamp of Castleford

Chemical peel to regenerate

Yorkshire town

Piers Wehner - ESTATES GAZETTE 12 March 2005

A 42-acre former chemicals plant in the centre of Castleford, Yorkshire, is to be transformed into a 120m development. This week Merlion Capital Corporation, controlled by entrepreneur Charles Chamberlain, bought the site, which is bordered by the rivers Aire and Calder, from Lambson Fine Chemicals. A planning application has been submitted to redevelop the site as 1,337 flats and houses, along with shops, bars and cafes. The scheme will also include a landscaped park and formal squares, four children's play areas and an ecopark. Access to the riverside will be increased and moorings for houseboats planned. The project is expected to take 10 years to complete.

Castleford has been the centre of continued regeneration efforts by Wakefield MDC, a local residents' group, Yorkshire Forward and Channel 4, which is working on a documentary about the regeneration.

Chamberlain created Merlion in 2001 after taking over the entire 1m sq ft development portfolio of Summit Property. Summit was previously owned by giant support service company Summit Group, which attempted a 70m reverse takeover of Chesterton in 1998.

 

 


Castleford redevelopment: factory will be replaced with 1,337 homes

Chemistry in Castleford

ESTATES GAZETTE

A 48-acre former chemical plant in Yorkshire is to be redeveloped as a 120m housing scheme.

This week Merlion Capital won consent from Wakefield council for 1,337 homes, totalling more than 1m sq ft, on the former Lambsons factory in the centre of Castleford, between the rivers Aire and Calder. Navigation Point, which will include cafes, bars and restaurants, is being project managed by Amenbury Property, and GVA Grimley is the letting agent. Barton Willmore is planning advisor.

 

 

Summit buyer sells off stock to private buyers

ESTATES GAZETTE 12 July 2003

The man who took over Summit Property has sold its entire investment portfolio in two years. Charles Chamberlain set up Merlion Capital Corporation with a consortium of Singapore investors in October 2001. He has since then sold off its completed developments to a series of private investors. MCC bought Summit Property from Summit Group, which attempted a 70m reverse takeover of Chesterton in 1998. The sales included properties in Leeds, Epsom, Portsmouth and Kings Rd, SW3, raising 52m and removing all of the company's bank debt. Chamberlain said "If timing is the secret of sex, comedy and property, we will have to wait to see whether we are right to sell". Chamberlain said MCC was now sourcing "the type of stock that nobody wants" in the South and Midlands. "We will probably steer clear of the intensively competitive investment market with long leases and good covenants, but would buy poor-quality, short-term income producers or sites with no income at all", he said.

Chamberlain's decision to sell has erased the company's bank debt.

 

 

Founder member links up with Singapore investors to buy the company

Summit buyout mounted

Adam Coffer - ESTATES GAZETTE 13 October 2001

One of the founder members of Summit Property has teamed up with a consortium of Singaporean investors to take control of the company. Charles Chamberlain will head the new venture, called Merlion Capital Corporation, which has acquired Summit's entire 1m sq ft development programme. The move takes the company out of the hands of giant support service company Summit Group, which attempted a 70m reverse takeover of Chesterton in 1998. Summit Group will continue to concentrate on its role as a provider of development capital to business services groups.

Joining Chamberlain from Summit is Jonathan Parnes, whose speciality is residential development. He has also recruited Bruce Cattrell from Stannifer and Philip Ringrose of Gardner Weller. Chamberlain said: "I was under an umbrella with an acquaintance during a storm on holiday in Barbados last year. I told him I'd been thinking about taking over the property portfolio of Summit Group for some time and he put me in touch with the Singaporeans. Things just took their course".

The former Summit Property portfolio is valued at over 80m. It includes three mixed-use schemes in Basingstoke, which total more than 37,160m2 (400,000 sq ft), a refurbishment of the 5,574m2 (60,000 sq ft) Student Halls in Kings Road, SW3, and a 12ha (30-acre) industrial site in Aylesford, Kent. Merlion is looking to spend up to 50m on new projects across the UK over the next six months. Chamberlain said: "I expect to rationalise the Summit Property portfolio within the next six to nine months. We have significant capital resources and are already on the cusp of making a 25m-plus offer for a London investment".

The Singaporean consortium has bought property in the UK before, most notably through a 35m residential conversion of Cambridge Gate in Regents Park, NW1, with the Crown Estate.


Chamberlain: will head Merlion Capital Corporation, which has taken over Summit's 1m sq ft development programme.

Merlion Capital Corporation Ltd. All rights reserved 2006

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