Baupost Group London Real Estate Deal Clears Hurdle

A major real estate project backed by the famous value hedge fund Baupost Group appears to be moving ahead with an anticipated profit of over £30 pounds ($50.32 million).

Sales efforts to start in fall as phase 1 completion targeted January, 2015

In a PowerPoint presentation from Helical Bar plc (LON:HLCL), a UK real estate developer who is partnering with Seth Klarman's Baupost on property development in Bart’s Square, London, said plans for the buildings had been approved. The bulk of development covers two office building projects that will...