Johnny Sandelson
Johnny Sandelson | |
|---|---|
| Born | Jonathan Charles David Sandelson 1968 (age 55–56) |
| Nationality | British |
| Occupation | property developer |
| Parent(s) | Victor Lightman Sandelson Bernice Sandelson |
| Relatives | Neville Sandelson (uncle) Robert Sandelson (brother) |
Jonathan Charles David Sandelson (born 1968) is a British property developer and an investor in The Strategic Iconic Assets Heritage Acquisition Fund (SIAHAF).[1]
Early life
[edit]Johnny Sandelson was born into a Jewish family, the son of Victor Lightman Sandelson (1928-2017) and Bernice Sandelson.[2][3] He has a brother Robert Sandelson, and two sisters, Antonia and Jo.[2][4] His father was an art collector and arts journalist, and his mother was an artist.[2] His uncle (Victor's older brother) was the Labour Party MP Neville Sandelson (1923-2002), who was a co-founder of the Social Democratic Party (SDP).[3]
Career
[edit]In 2003, Sandelson founded GuestInvest with Sir Mark Weinberg, and the company bought hotels and sought to sell 999-year leases on individual rooms for £300,000 to £1 million as investments.[5] GuestInvest went into administration in 2008, with investors "concerned that they may not get their money back", as it was not regulated by the Financial Services Authority (FSA).[6] In 2008, GuestInvest owned six hotels including Blakes Hotel, Nest and The Jones, both near Hyde Park, and the Chiswell Street Hotel, all in London.[6]
Sandelson is one of the principals behind the recent acquisition of large parts of the Queensway district of West London.[7][8] He was said to have masterminded the acquisition of Whiteleys and is continuing in partnership with Meyer Bergman on the development of a number of buildings within the Queensway Estate.
Sandelson's previous projects include the Carlyon Bay redevelopment project in St Austell, Cornwall; the acquisition and redevelopment of Somerset Place in Bath[9] where, over 5 years, he oversaw the restoration and redevelopment of a Georgian crescent of houses and apartments, all Grade 1 listed properties; and the HBOS-backed hotel investment brand GuestInvest which was a high profile casualty of the downturn in the UK commercial property market in 2007.
In 2015, also in partnership with Meyer Bergman and advised by Savills, Sandelson completed the £250m Project Soya portfolio of sites in Tolworth, Woolwich and Kensington which was recognised as Deal of the Year in the 2016 RESI awards.[10] Sandelson achieved planning consent for the Jericho Wharf site on the Oxford Canal. Also in 2015, Sandelson acquired for £80m the Mayfair building of Thomas Goode & Co., which continued to occupy the building as a tenant.[11]
In May 2016, Sandelson co-founded (with Karen Mulville) a high-end care home business, Auriens, with its first development in Chelsea, London due to open in 2019.[12][13][14]
In February 2018, together with his brother Robert Sandelson, he acquired the British Art Fair, formerly known as the 20/21 British Art Fair. The Fair has been running for 30 years, and will have a new home at the Saatchi Gallery as part of a major investment by its new owners.[2]
References
[edit]- ^ Sponsors Archived 2013-06-08 at the Wayback Machine The Strategic Iconic Assets Heritage Acquisition Fund, 2012. Retrieved 16 September 2013. Archived here.
- ^ a b c d "British Art Fair finds a new home and new investors". bqlive.co.uk. Retrieved 16 April 2018.
- ^ a b "An Establishment Man: R.I.P. Victor Sandelson, 1928-2017". wordpress.com. 21 March 2017. Retrieved 16 April 2018.
- ^ "SANDELSON - Deaths Announcements - Telegraph Announcements". announcements.telegraph.co.uk. Retrieved 16 April 2018.
- ^ "Home suite home - The Spectator". The Spectator. Retrieved 17 April 2018.
- ^ a b Atkinson, Rebecca (3 October 2008). "GuestInvest goes into administration". moneywise.co.uk. Retrieved 17 April 2018.
- ^ Brunei family’s secret £500m swoop on Queensway by Suzie Neuwirth, City A.M., 16 September 2013. Retrieved 16 September 2013. Archived here.
- ^ Whiteleys’ new owners reveal £1bn masterplan for Queensway by Mira Bar-Hillel & Jonathan Prynn, London Evening Standard, 16 September 2013. Retrieved 16 September 2013. Archived here.
- ^ Why empty shells give property owners a blank canvas by Fred Redwood in The Telegraph, 27 February 2013. Retrieved 16 September 2013.
- ^ "Stars of residential shine at RESI Awards 2016". propertyweek.com. Retrieved 16 April 2018.
- ^ Hopkins, Kathryn (2015-08-11). "Peer cashes in on luxury retail's new domino effect". The Times. ISSN 0140-0460. Retrieved 2018-06-23.
- ^ Ashworth, Anne. "A place where perennials will go to party". The Times. Retrieved 27 May 2016.
- ^ Neate, Rupert (3 March 2018). "Caviar care home: retirement complex for 'oligarchs' to open in Chelsea". The Guardian. Retrieved 4 March 2018.
- ^ Thompson, Henrietta (8 June 2016). "Is this London's most glamorous retirement home?". The Telegraph. Retrieved 4 March 2018 – via www.telegraph.co.uk.