18 May 2006 – The Times
Multiplex, the Australian construction company behind the new Wembley stadium, is understood to be preparing to sell a portfolio of UK investments for approaching £70 million to the Reuben brothers, the billionaire private investors, The Times has learnt. The portfolio includes a 25 per cent stake in the Rushmere Centre, a shopping centre in Northern Ireland; a 25 per cent stake in a development in Paddington; a 25 per cent stake in a site at St Enochs shopping centre in Glasgow and an 8.5 per cent stake in Stockley Park, right, the business park near Heathrow.
The portfolio represents the majority of Multiplex’s investments in a joint venture held with the Reubens called R&M Investments. The UK division of Multiplex, led by James Tuckey, the former chief executive of MEPC, and Jayne McGivern, the former managing director of Anschutz Entertainment Group, is thought to be keen to separate itself from the joint venture and pursue new projects independently.