Triterras Expands Board of Directors apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.
Dan Whelan
Credit Suisse Asset Management is to overhaul the five-storey Manchester building and increase the amount of office space by 40,000 sq ft when sole occupier Eversheds Sutherland relocates to Two New Bailey.
The landlord lodged plans for the scheme in January, which have now been approved by Manchester City Council.
Place North West revealed in 2019 that the law firm would move into a new 50,000 sq ft office at English Cities Fund’s New Bailey scheme after 20 years at Eversheds House, which spans 70-76 Great Bridgewater Street, prompting landlord Credit Suisse to plan a refurbishment of the building.
The scheme, designed by OMI Architects, proposes increasing the amount of office space from 70,000 sq ft to 110,000 sq ft through the addition of two floors.
Operator
Good morning. This is the conference operator. Welcome and thank you for joining Credit Suisse Group s First Quarter 2021 Results Conference call for Analysts and Investors. As a reminder, all participants are in a listen-only mode and the conference is recorded. You will have the opportunity to ask questions after the presentation. [Operator Instructions].
I will now turn the conference over to Kinner Lakhani, Head of Investor Relations and Group Strategy and Development. Please go ahead, Kinner.
Kinner Lakhani
Head of IR and Group Strategy and Development
Thank you. Good morning, everyone. Before we begin, let me remind you of the important cautionary statements on slides 2 and 3 including forward-looking statements, non-GAAP financial measures and Basel III disclosures. For a detailed discussion, we refer you to the Credit Suisse first quarter 2021 earnings release published this morning.
Credit Suisse has recovered more than half of the assets put in supply chain finance funds linked to Greensill Capital, which collapsed last month. The failure led to the suspension of the Credit Suisse funds, which had initially raised US$10bn from investors.
Before the latest announcement, US$3.1bn had already been paid back to investors. Now a further US$2bn has been collected and Credit Suisse said it would pay back a further US$1.7bn. That will leave a further US$600m cash in the funds, which has not so far been distributed. In all, the total cash, including that already returned, amounts to US$5.4bn.
Credit Suisse recovers half of Greensill funds ifre.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ifre.com Daily Mail and Mail on Sunday newspapers.