Nick Leslau
{{Short description|English commercial property investor (born 1959)}}
{{Use British English|date=September 2014}}
{{Use dmy dates|date=February 2019}}
{{Infobox person
|name = Nick Leslau
|image =
|image_size =
|caption =
|birth_date = {{Birth-date and age|18 August 1959}}{{cite web|url=http://web.researcha.com/iccquery/detail/?did=9129377&c=uk|title=Researcha|author=|date=|website=Researcha.com|accessdate=29 January 2018}}{{Dead link|date=May 2019|bot=InternetArchiveBot|fix-attempted=yes}}
|birth_place= Cricklewood, London, England
|death_date =
|death_place=
|known_for = Commercial property investment
|education = Mill Hill School
|employer = Prestbury Investment Holdings
|occupation = Investor
|spouse = Maxine Leslau
|children = 3
}}
Nick Leslau (born 18 August 1959) is an English commercial property investor, with an estimated net worth of £400 million.{{Cite web|url=https://www.ask-oracle.com/birth-chart/nick-leslau/ |title=Nick Leslau Age, Birthday, Zodiac Sign and Birth Chart |date=25 June 2010 }} Leslau is chairman and chief executive of Prestbury Investment Holdings Limited, and chairman of Prestbury Investments LLP.{{Cite web|url=http://SecureIncomeReit.co.uk/about-us/prestbury-investments/|title=Prestbury Investments LLP - Secure Income Reit|website=SecureIncomeReit.co.uk|publisher=Secure Income Reit|access-date=29 January 2018}} He is a 30 percent shareholder in Prestbury's AIM listed Secure Income REIT,{{Cite web|first=Claer|last=Barrett|date=25 September 2015|url=https://www.FT.com/content/a90b8178-61e0-11e5-a28b-50226830d644|title=My money — Nick Leslau, property investor|website=www.FT.com|publisher=Financial Times|access-date=29 January 2018}} which owns tourist attraction venues such as Thorpe Park, Warwick Castle, and Alton Towers on a long-term lease to Merlin Entertainments.{{Cite web|url=https://www.Telegraph.co.uk/finance/markets/2812377/Merlin-conjures-up-leaseback-deal.html|title=Merlin conjures up leaseback deal|website=www.Telegraph.co.uk|publisher=Daily Telegraph|date=17 July 2007|access-date=29 January 2018}} Secure Income REIT also owns 20 private hospitals and 55 Travelodge hotels in the UK.{{Cite web|url=https://www.HotelManagement.net/transactions/reit-buys-portfolio-55-budget-travelodge-hotels|title=REIT buys portfolio of 55 budget Travelodge hotels|website=www.HotelManagement.net|publisher=Hotel Management|date=8 September 2016}}
Early life
The son of a jeweller and part-time art historian, his parents divorced when he was nine. His mother subsequently worked full-time so that Leslau could be educated at a preparatory school in Hampstead, and at Mill Hill School.{{Cite web|url=https://Business.TimesOnline.co.uk/tol/business/industry_sectors/construction_and_property/article641398.ece|title=Property tycoons who owe billions|website=Business.TimesOnline.co.uk|publisher=Sunday Times|date=13 November 2006|access-date=26 August 2008|location=London}} Leslau left the University of Warwick where he was studying German,{{Cite web|url=http://www.Mishcon.com/propertymatters/Summer2008/article4.htm|title=Interview with Nick Leslau|website=www.Mishcon.com|publisher=Mischon|date=Summer 2008|access-date=26 August 2008}}{{Dead link|date=April 2020|bot=InternetArchiveBot|fix-attempted=yes}} to study quantity surveying.
Career
After meeting Sam Rosen, Leslau joined the ground rent company of commodities traders Burford Group. He had completed a degree in estate management at South Bank University, and became a Royal Institution of Chartered Surveyors (RICS) qualified and registered chartered surveyor with Burford. At age 23, he became CEO of Burford Estate & Property.{{Cite web|url=http://www.CityAM.com/266421/alton-towers-owner-and-multi-millionaire-nick-leslau|title=How one of Britain's richest tycoons made £330m from property investments|first=Shruti Tripathi|last=Chopra|date=12 June 2017|website=CityAM.com|publisher=City AM|access-date=29 January 2018|archive-url=https://web.archive.org/web/20171025061019/http://www.cityam.com/266421/alton-towers-owner-and-multi-millionaire-nick-leslau|archive-date=25 October 2017|url-status=dead}}
Wanting to move further into property, Leslau contacted Nigel Wray to engineer a reverse takeover of Wray's listed company Chartsearch in 1986 for £8 million. They expanded the company into a £1 billion enterprise, buying large parts of Oxford Street and the London Trocadero.{{Cite web|url=http://FindArticles.com/p/articles/mi_qn4156/is_20020210/ai_n12574093|title=How the Westway was won by tycoon|website=FindArticles.com|publisher=Sunday Herald|date=10 February 2002|access-date=26 August 2008|first=Kenny|last=Kemp}} However, a poor deal with Sega in the creation of SegaWorld as an anchor tenant meant the company went through some difficult times.
=Prestbury=
In 1997, Leslau and Wray set up their own small property company Maybeat Limited, which they merged into one of Michael Edelson's Alternative Investment Market listed shell companies called Prestbury Group plc.
The board consisted of Leslau, Wray, Viscount Astor, John Hodson (the then chief executive of private bank Singer & Friedlander), and Edelson. Over the next two years, it produced a return of 150% on net asset value, and Leslau grew its total value to several hundreds of millions of pounds before taking it private in 2004.
In February 2001, Leslau set up private company, Prestbury Investments, which he used as the vehicle to take Prestbury Group plc private in 2004. Leslau is now chairman and chief executive of PIHL, with the company presently owning a property portfolio estimated to be worth in excess of £4 billion, including four of the UK's largest entertainment complexes run by Merlin Entertainments (Alton Towers, Thorpe Park, Warwick Castle, and Madame Tussauds).{{Cite news|url=http://News.Independent.co.uk/business/news/article2779452.ece/|title=Merlin sells Alton Towers in £622m deal|access-date=30 July 2007|website=News.Independent.co.uk|publisher=The Independent|location=London|url-status=dead|archive-url=https://web.archive.org/web/20070930221030/http://news.independent.co.uk/business/news/article2779452.ece/|archive-date=30 September 2007}}
In 2011, Leslau bought the London marina St Katharine Docks for £156 million through subsidiary Max Property Group. In 2014, he sold it to the Blackstone Group for nearly £450 million.
=Knutsford plc=
In 1999, Leslau set up an investment vehicle, Edenhawk, together with Wray, Archie Norman, and Julian Richer. Once again, they merged the company into an Edelson shell company, Knutsford Plc. The intention was to acquire a retail business to take advantage of the retailing skills of Norman, a former chairman of Asda, and Richer, who had built up the retail group Richer Sounds. Within weeks, the value of Knutsford had soared to £1 billion, attracting attention from financial media around the world as potential acquisition targets were touted by the media such as Marks & Spencer and Sainsbury's. The overly speculative valuation was far in excess of anything the 'Knutsford 4' and Edelson had anticipated, and was in fact becoming problematic, particularly because it proved a major stumbling block to concluding any deal. Although Knutsford eventually concluded a deal with WI Link (which continues to trade successfully), it could never hope to achieve the dizzy expectations generated by the media in the weeks after flotation. Knutsford is cited as a case history in a number of business schools, and is considered to have been the end of the dot com boom in the UK.{{Cite web|url=http://www.ManagementToday.co.uk/channel/Leadership/news/735030/exclusive-mt-interview-archie-norman/|title=Interview with Archie Norman|website=www.ManagementToday.co.uk|publisher=Management Today|date=3 September 2007|access-date=26 August 2008|url-status=dead|archive-url=https://web.archive.org/web/20071009033928/http://www.managementtoday.co.uk/channel/Leadership/news/735030/exclusive-mt-interview-archie-norman/|archive-date=9 October 2007}}
Political activity
Leslau has donated to the Conservative Party, and was a signatory to a letter to The Daily Telegraph during the 2015 United Kingdom general election campaign; which praised the party's economic policies, and claimed that a Labour government under Ed Miliband would "threaten jobs and deter investment".{{Cite web|last=Dominiczak|first=Peter|date=1 April 2015|title=100 business chiefs: Labour threatens Britain's recovery|url=https://www.Telegraph.co.uk/news/politics/labour/11507586/General-Election-2015-Labour-threatens-Britains-recovery-say-100-business-chiefs.html|website=www.Telegraph.co.uk|access-date=12 June 2021|publisher=The Telegraph}}{{Cite web|title=The Tory 100: captains of industry, party donors (and a few tax avoiders)|url=https://www.TheGuardian.com/politics/ng-interactive/2015/apr/01/tory-100-industry-captains-party-donors-tax-avoiders|website=The Guardian|access-date=12 June 2021|date=1 April 2015}}
Leslau pledged to end donations to the Conservatives due to the government's ban on evictions during the COVID-19 pandemic, stating that: "I think the flippancy with which the property industry has been treated has been narrow-minded".{{Cite web|last1=Clarence-Smith|first1=Louisa|last2=Walsh|first2=Dominic|title=Tories lose donors over eviction ban|url=https://www.thetimes.com/article/tories-lose-donors-over-eviction-ban-0gcpnct6z|website=The Times|access-date=12 June 2021|date=28 November 2020}}
Personal life
Leslau and his wife Maxine have been married for approximately 30 years, and have three sons Ori Leslau, Jake Leslau and Jonah Leslau. They previously lived in a £40 million property in Mayfair, London but now reside in Monte-Carlo, own the 40-metre Mediterranean-based yacht Mimi La Sardine, and also own a private aircraft Hawker 850XP. Leslau owns one of W. G. Grace's cricket bats as part of his extensive sports memorabilia collection, and was a part owner of Saracens F.C. rugby union club.{{Cite web|url=https://www.Telegraph.co.uk/portal/main.jhtml?view=DETAILS&grid=&xml=/portal/2008/08/19/ftmillionaire119.xml|archive-url=https://archive.today/20130421095157/http://www.Telegraph.co.uk/portal/main.jhtml?view=DETAILS&grid=&xml=/portal/2008/08/19/ftmillionaire119.xml|url-status=dead|archive-date=21 April 2013|title=Nick Leslau: 'I'm rich, but does anyone like me?'|website=www.Telegraph.co.uk|publisher=Daily Telegraph|date=19 August 2008|access-date=26 August 2008|location=London}} In 2019, he stepped down from the board of Saracens after 21 years as board director.{{Cite web|title=Club statement: Leslau steps down from Saracens board|url=https://www.Saracens.com/club-statement-leslau-steps-down-from-saracens-board/|website=www.Saracens.com|date=26 October 2019|access-date=7 August 2020|publisher=Saracens}}
In early 2008, Leslau took part in the Channel 4 programme Secret Millionaire, giving away £225,000 in a ten-day visit to Possilpark, Glasgow.{{Cite web|title=The Secret Millionaire from Channel 4.com - Nick Leslau|url=http://www.Channel4.com/culture/microsites/S/secret_millionaire/millionaires/nick-programme.html|website=www.Channel4.com|publisher=Channel 4|access-date=26 August 2008|url-status=dead|archive-url=https://web.archive.org/web/20080825141747/http://www.channel4.com/culture/microsites/S/secret_millionaire/millionaires/nick-programme.html|archive-date=25 August 2008}}{{Cite web|last=Adams|first=Lisa|date=14 August 2008|url=https://www.DailyRecord.co.uk/news/real-life/exclusive-the-property-tycoon-who-gave-987006|title=Exclusive: The property tycoon who gave away £225K to Possil's poorest after undercover mission|website=www.DailyRecord.co.uk|publisher=Daily Record – Scottish Daily Record and Sunday Mail Ltd|access-date=25 December 2021}}
References
{{Reflist}}
{{Merlin Entertainments|state=collapsed}}
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Category:People from Cricklewood
Category:People educated at Mill Hill School
Category:English businesspeople