Associated Capital Group Acquires London Headquarters Building
March 03 2020 - 9:55AM
Business Wire
Associated Capital Group (NYSE: AC) announced today that its UK
subsidiary, Associated Property International Limited, has
completed the purchase of a townhouse in St. James, London. The
building will serve as the European headquarters for the firm,
together with its UK affiliated company, Gabelli Asset Management
UK, Limited. The townhouse is a Grade II Listed Building forming a
portion of a terrace constructed in c. 1685 during the reign of
Charles II.
Gabelli Asset Management has had a physical presence in London
since 2000, occupying properties in each of Knightsbridge, Mayfair,
and latterly St. James. The decision to purchase a permanent office
location underscores the firm’s long term commitment to the UK and
European financial markets. Coming only one month after the
finalization of Brexit, the transaction is an indication of our
confidence in the continued central role London will play in the
global financial services industry. In May 2011, the firm
established an office in Tokyo to underscore our commitment of
global research, marketing and client service in Japan.
Associated Capital and Gabelli Asset Management UK look forward
to welcoming our investors and partners to the new offices with the
confidence that we will be able to best serve your financial goals
now and in the future. Doug Jamieson, President of Associated
Capital, said, “We are pleased to have a permanent home in London
that will benefit our staff and clients, alike. The acquisition of
a Listed London property offers a clear indication of our
intentions to grow our UK and European businesses from an
already-strong base.”
About Associated Capital Group, Inc.
Associated Capital Group, Inc. (NYSE: AC), based in Greenwich
Connecticut, is a diversified global financial services company
that provides alternative investment management through Gabelli
& Company Investment Advisers, Inc. (“GCIA” f/k/a Gabelli
Securities, Inc.). The proprietary capital is earmarked for our
direct investment business that invests in new and existing
businesses. The direct investment business is developing along
three core pillars: Gabelli Private Equity Partners, LLC (“GPEP”),
formed in August 2017 with $150 million of authorized capital as a
“fund-less” sponsor; the SPAC business (Gabelli special purpose
acquisition vehicles), launched in April 2018; and Gabelli
Principal Strategies Group, LLC (“GPS”) created to pursue strategic
operating initiatives.
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Douglas R. Jamieson President & CEO (203) 629-2726
Associated Capital (NYSE:AC)
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