Gerson Berger
Family and legacy
In 1986, the Rose family agreed to a £71.1 million takeover of Land Investors led by David Garrard in partnership with Berish Berger, grandson of the property tycoon Gerson Berger. The two men created a public vehicle for the deal, BCPH, which was majority owned by their joint venture Reliable Properties.[1]
Berger subsequently bought out Garrard’s 25% stake in Land Investors, changing the name to Land & Property Trust. Garrard used the revenue from that sale to launch his own property company, Minerva, with his protégée Andrew Rosenfeld, whom he had recruited to Land Investors.[2] Garrard served as chairman and Rosenfeld as Chief Executive. The pair floated the company in 1996. [3] Three years later the Sunday Times wrote that: ‘In little more than a decade David Garrard and Andrew Rosenfeld, the duo who founded Minerva, have built up the value of the property company from £3m to £300m.’[4]
See also
Notes
- ↑ Judith Huntley, ‘Agreed bid for Land Investors’, The Times, 7 May 1986, p.17.
- ↑ Minerva Property, ‘Retirement of Sir David Garrard and Appointment of Andrew Rosenfeld as Chairman and Ivan Ezekiel as Finance Director’, 3 March 2005. http://www.minervaproperty.com/investors/comnews/?id=1668
- ↑ Matthew Lynn, ‘Property whiz-kid who was to his manor born – Profile’, Sunday Times, 25 January 1998
- ↑ John Waples, ‘Minerva duo become hot property’, Sunday Times, 10 October 1999
