AV 15th July 2017

Page 1

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First & Foremost Asian Weekly in Europe

Vol 46 | Issue 11

Legal advice you can trust

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020 8951 6989

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www.axiomstone.co.uk

ARORA PROPOSAL info@axiomstone.co.uk

Axiom Stone Solicitors is the trading name of Axiom Stone London Limited. Company Registration No. 6546205. We are Authorised and Regulated by the Solicitors Regulation Authority.

15th July to 21st July 2017

Let noble thoughts come to us from every side

Indian-origin businessman offers cheaper option for a third runway in London Heathrow Rupanjana Dutta The hotel magnate Surinder Arora is a long-familiar figure in the Asian community. A self-made entrepreneur, his group owns 16 hotels, most of which are around Heathrow, Gatwick, Stansted airport, making him worth over £220million with a big property portfolio. The jewel in his crown is the Intercontinental at the O2 centre in South East London and his business has reportedly made £11.7mn pre-tax profits on sales of £175.3mn last year. At 58, Arora is connected enough to count Tony Blair and Sir Cliff Richard as close friends, but he manages to keep a low profile. Arora who is often known to be soft spoken and sometimes even shy, is in the spotlight now, after he submitted plans for a third runway in Heathrow, which he says would be £5bn cheaper than the airport's current scheme. He has been supported by the British Airways as well as Virgin Atlantic, who have welcomed the initiative as a “fresh thinking”. Arora Group's proposals include changing the design of terminal buildings and taxiways, and reducing the amount of land it is built on. He is up against a corporation whose owners include Ferrovial- a Spanish infrastructure giant, The Qatar investment authority and CDPQ- a Canadian pension fund. Heathrow's boss is John Holland-Kaye, a former divisional director of Taylor Wimpey. Continued on page 16

Surinder Arora

World leaders gathered in Hamburg, Germany for the 12th edition of the G20 Summit 2017, held from July 7 to 8. Full Story on Page 26

Mumbai Chennai Kolkata Colombo

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Delhi Abu Dhabi Lahore Bangkok

Seven Amarnath pilgrims dead, and 19 injured as militants hail bullets on a bus in Anantnag district. Full Story on Page 26

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Hyderabad Bengaluru Ahmedabad Hongkong

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AV 15th July 2017 by Asian Business Publications Ltd - Issuu