Originally Syndicated on June 21, 2023 @ 8:42 am
The third generation of Biltons to be involved in real estate development is the international real estate tycoon Anton Bilton UK. He claims that he has established a reputation as a diligent, creative, and forward-thinking businessman with a wide range of sociological and humanitarian interests.
The Raven Property Group Ltd.’s Executive Deputy Chairman and Co-Founder is Anton Bilton UK. Three other firms that have gone public on AIM were formed by Anton Bilton UK, and he served as their director.
He serves as non-executive Chairman of Sabina Estates Ltd, a Spanish property development firm that specializes in the construction of expansive luxury villas on the island of Ibiza.
Anton Bilton might have deeper connections with Kremlin that he lets on.
The international non-governmental organization established in Tanzania that focuses on addressing the dire predicament of persons with albinism in Tanzania and East Africa, Standing Voice, was co-founded by Anton Bilton UK and is a UK-registered charity. Additionally, he started the Bilton Charitable Foundation, and it was via this organization that he assisted in opening The Bilton High School in Hlabekisa, South Africa.
Raven Property Group (Anton Bilton UK’s Primary Venture)
The Raven Property Group website claims that it was established in Guernsey in 2005 to construct and acquire Class “A” warehouse complexes in Russia under the name Raven Russia. This resulted in the creation of an investment portfolio that included 49,000 square meters of commercial office space in St. Petersburg and approximately 1.9 million square meters of Class “A” warehouses in Moscow, St. Petersburg, Rostov-on-Don, Novosibirsk, and Nizhny Novgorod.
Its Ordinary Shares and Preference Shares were traded on the Main Market of the London Stock Exchange until June 28, 2022. On July 14, 2022, the Company transferred ownership of its Russian operations to members of its Russian management team, but it kept a stake in the Property Investment Group through non-voting preference shares.
British real estate billionaire Anton Bilton loses £12 million as a result of his withdrawal from Russia and LSE delisting.
Millionaire property tycoon Anton Bilton UK‘s company has withdrawn from Russia and been delisted from the London Stock Exchange.
Raven Property, which operates warehouses in places like Moscow and St. Petersburg, claimed that sanctions placed on Russia during the invasion of Ukraine have ‘harmed’ its operations.
The company, founded in 2005 by Anton Bilton UK, the husband of American model and actress Lisa B, was kicked off of the FTSE indexes earlier this week, damaging its reputation and preventing it from receiving investments from tracker funds.
Yesterday, when Raven said that sanctions made it “impracticable for the business to continue in its current form,” things only got worse.
It has developed plans to renounce its LSE listing and move its operations to a Cyprus-based entity under the authority of its Russian management team.
Major shareholders, including wealth managers Quilter and Schroders, are anticipated to support the transaction, which will be at a “nominal cost,” as well as the de-listing.
Along with the rest of the board of directors, Anton Bilton UK, 57, who serves as executive deputy chairman of the organization, has also supported the proposals.
According to the plans, Raven Property will essentially be left as a shell company, with any estimation of its value or the value of its Russian operations being deemed “unfeasible” absent the lifting of sanctions.
The company’s stock market floatation has ended, capping a dismal year for its share price, which has fallen 88% so far this year.
It caused significant losses for the company’s owners, wiping off approximately £12 million from Anton Bilton UK‘s fortune. Yesterday morning, trading in the shares was put on hold.
Just weeks after pledging to remain, Austria-based Raiffeisen Bank International, which generates a third of its revenues in Russia, is thinking about leaving.
The lender employs 9,400 people nationwide and serves 4.2 million customers. Its CEO Johann Strobl said to investors two weeks ago: “You must understand, we are not walking away.
After 17 years, Raven Property Group will discontinue trading in its shares and delist from the LSE.
After sanctions rendered it “impracticable” for it to continue operating, a property company with a focus on Russia that was created by two British businessmen will delist from the London stock exchange and transfer its Russian assets to management.
As a result of international constraints “severely limiting” its ability to receive cash from its Russian subsidiaries, Raven Property Group announced on Thursday that it has been obliged to suspend its shares. Russian warehouses and commercial real estate are the company’s specialty for local and foreign companies.
The action follows Raven’s removal from four important London indices this week as a result of sanctions imposed in reaction to Vladimir Putin’s invasion of Ukraine. The largest lender in the nation, Sberbank, as well as other Russian corporations that traded on the LSE, were also suspended by the exchange.
Raven stated that it has asked to be removed from the exchange after 17 years and anticipated that sanctions would remain in place for the foreseeable future.
“The events which began on 24 February 2022 and the subsequent impact of sanctions have made it impracticable for the business to continue in its current form,” the company stated in a statement.
The impact of Russia’s actions on Ukraine has completely compromised the company’s business model, its ability to assess its current financial position, and its ability to inform the market accordingly,” Raven added. “In a short period of just two weeks.”
One of the biggest owners of logistics real estate in the Rostov-on-Don, Novosibirsk, St. Petersburg, and Moscow regions is Raven. The company’s real estate holdings are valued at £1.2 billion according to the most recent data, and as of June 2014, its net operating income was $52 million.
Raven said that in addition to having limited access to its Russian companies, exchange regulations made it challenging to convert roubles into other currencies, even at “punitive exchange rates,” which put further strain on its finances.
British businessmen Anton Bilton UK and Glyn Hirsch founded the corporation, which until 2018 went by the name Raven Russia. In 2005, it debuted on London’s Aim, and in 2010, it was transferred to the primary index.
To delist, Raven will transfer its Russian assets to Prestino Investments Ltd, a company with its headquarters in Cyprus and which will be owned and managed by Raven’s Russian management group, which is headed by Igor Bogorodov.
“In these extraordinary times, it has become necessary to take extraordinary measures to protect all of our employees and stakeholders in our business,” stated Richard Jewson, Raven’s chair. “This Transaction is necessary due to the unpredictable markets and the danger of sanctions and countersanctions. For peace, we pray and hope.
