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Challenger Acquisitions

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Media Coverage

Challenger Acquisitions invests in Texas observation wheel

Proactive Investors - Thu, 01/18/2018 - 04:11

Mark Gustafson, chief executive of Challenger Acquisitions Limited (LON:CHAL), tells Proactive's Andrew Scott they've invested in a second giant observation wheel project, this time in Dallas, Texas.

The AIM-quoted firm has invested US$300,000 towards the pre-development costs of the Eye of Texas, with the option to invest up to US$1mln in this first tranche.

The remainder of the US$3mln of pre-development costs is being raised by local developers.

Categories: Media Coverage

Challenger Acquisitions invests in second giant wheel project, this time in Texas

Proactive Investors - Thu, 01/18/2018 - 00:16
Challenger has invested US$300,000 towards the pre-development costs of the Eye of Texas, with the option to invest up to a further US$700,000 in this tranche
Categories: Media Coverage

Challenger Acquisitions clarifies position re Mammoet-Starneth

Proactive Investors - Mon, 12/18/2017 - 23:54
Starneth LLC, which is part of the legal contractual dispute with the original wheel erectors, has never been owned by Challenger.
Categories: Media Coverage

Challenger Acquisitions confirms official launch of Star Sanctum

Proactive Investors - Wed, 12/06/2017 - 04:38

Mark Gustafson, chief executive of Challenger Acquisitions Limited (LON:CHAL) tells Proactive the first action film fan convention to be run by Star Sanctum will be held in May next year.

Star Sanctum is the name of the private company Challenger is backing; it is set to launch with a three-day event in London running from May 5-7.

Categories: Media Coverage

Challenger Acquisitions reveals dates of first action film fan convention to be run by Star Sanctum

Proactive Investors - Wed, 12/06/2017 - 00:19
Fan conventions are enormously popular. Star Sanctum founder Jane Lowther has more than 20 years of project and event management experience
Categories: Media Coverage

Challenger Acquisitions has "tremendous confidence" construction of NY Wheel project will recommence in the near-term

Proactive Investors - Wed, 11/29/2017 - 00:16
Challenger has a stake in the NY Wheel project which has been hit by delays because of contractual disputes
Categories: Media Coverage

Challenger Acquisitions ventures into world of action hero conventions

Proactive Investors - Mon, 11/06/2017 - 23:37
The first convention will take place in London next year and fans will get the chance to meet the actors and actresses of the latest action hero blockbusters
Categories: Media Coverage

Challenger Acquisitions confident work on New York Wheel will recommence "in the near-term"

Proactive Investors - Wed, 10/25/2017 - 23:15
The board is currently evaluating strategic growth opportunities for the company.
Categories: Media Coverage

Challenger Acquisitions expects to see progress with New York Wheel

Proactive Investors - Wed, 09/27/2017 - 06:27
“We are continuing to seek out, evaluate and review a number of potential projects and developments."
Categories: Media Coverage

Challenger Acquisitions notes US reports over new NY Wheel contractor but provides no confirmation an appointment is imminent

Proactive Investors - Mon, 08/14/2017 - 23:15
In a statement, the AIM-listed firm simply said: “Challenger looks forward to updating the market when a new contractor is formally appointed and a new date is set for the completion of the New York Wheel”
Categories: Media Coverage

Challenger Acquisitions confident New York Wheel will be finished despite dispute

Proactive Investors - Mon, 07/24/2017 - 22:41
Reports from New York said the project is set for major delays after Mammoet-Starneth, the design/build contractor, downed tools in May
Categories: Media Coverage

Challenger Acquisitions given some slack by convertible holders

Proactive Investors - Mon, 05/08/2017 - 00:19
"These amendments will allow us the flexibility and time to pursue additional projects over the course of 2017."
Categories: Media Coverage

Flagship NewYork wheel key for Challenger Acquisitions after Starneth realignment

Proactive Investors - Tue, 01/31/2017 - 08:00
The group sees other acquisition opportunities in the attractions sector this year after realigning its relationship with engineering group Starneth.
Categories: Media Coverage

Challenger Acquisitions inks 'significant' $6mln deal to sell stake in wheel engineer

Proactive Investors - Mon, 01/30/2017 - 07:19

Challenger Acquisitions Limited (LON:CHAL) is selling its interest in the engineering group Starneth in a deal worth up to US$6mln.

Separately, Challenger has brokered a five-year cooperation agreement under which Starneth can provide the design, engineering and project management for observation wheel projects and Challenger can provide potential funding options for the developers of select projects.

Challenger CEO Mark Gustafesen tells Proactive: ''[The deal] was a very good way of addressing the long term timelines to get these projects moving forward''.

Categories: Media Coverage

Challenger Acquisitions selling its stake in wheel engineer Starneth

Proactive Investors - Mon, 01/30/2017 - 00:08
The buyer is a company controlled by Chiel Smits, Starneth’s chief executive.
Categories: Media Coverage

New York observation wheel 'coming along greatly' says Challenger Acquisitions Limited CEO

Proactive Investors - Fri, 10/21/2016 - 06:53

Giant observation wheel investor Challenger Acquisitions Limited (LON:CHAL) has said its New York wheel project is making “fantastic” progress and is on schedule to open in April 2018.

Chief executive Mark Gustafson tells Proactive: ''I was just there on a tour the other week. It's really fascinating to see  the developments.''

''Basically, the entire ground work is complete. What we're going to see over the next 18 months is everything being constructed from the ground up and that will include the terminal building and all the major components for the giant observation wheel starting with these four massive legs'', Gustafson added.

Once finished, the New York wheel will be around 50% bigger than the London Eye and it is hoped it will be able to carry around 3.5 mln passengers each year.

Categories: Media Coverage

Challenger’s New York observation wheel making “fantastic” progress

Proactive Investors - Wed, 10/19/2016 - 23:54
The wheel’s foundations have now been completed, while the legs which the wheel will sit on have been delivered to the site in Brooklyn
Categories: Media Coverage

Challenger Acquisitions settles convertible loan note

Proactive Investors - Sun, 09/11/2016 - 23:06
The giant observation wheel investor has issued just over 4mln shares to pay off the £750,000 loan
Categories: Media Coverage

Challenger Acquisitions eyes Asia for next big wheel project

Proactive Investors - Tue, 08/30/2016 - 01:50
A closer examination of the big wheel builder Challenger Acquisitions. We look at what it does, how much it's worth and where it has set its sights.
Categories: Media Coverage

Challenger Acquisitions upbeat over 'Eye' programme

Proactive Investors - Mon, 08/29/2016 - 23:13
The company has a 2% stake in the New York wheel, expected to open early in 2018
Categories: Media Coverage

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} .widget-categories a:hover, .widget-categories a.active { color: #2d3e50; } .widget-top-posts a:hover { color: #2d3e50; } .widget-text hr { border-top-color: #2d3e50; } .widget-text em { color: #2d3e50; } .widget-archive a:hover, .widget-archive a.active { color: #2d3e50; } .widget-tags a:hover { color: #2d3e50; } .widget-categories-filter a:hover { color: #2d3e50; } .widget-categories-filter .active { color: #2d3e50; } .widget-categories-filter .active span { background-color: #2d3e50; } .widget-price-filter .ui-slider-range { background-color: #2d3e50; } .widget-price-filter .ui-slider-handle { background-color: #2d3e50; } .widget-color-filter .active:before { border-color: #2d3e50; } .widget-top-products .pic i { background-color: #2d3e50; } .main-nav ul { background-color: #2d3e50; }