Gold Wynn Corporate Structure
Strength of lead: Moderate — complex corporate structure, TISE listing, Bahamas relocation
Summary
Gold Wynn is a Canadian family real estate company (Wynn/Weinzweig family) that sold its $1B Toronto portfolio in 2018, moved HQ to Nassau, Bahamas in 2022, and expanded internationally into Israel, the UK, and the Caribbean. Mark Shooter served as their UK head of operations. The UK holding company has a £400M bond programme on TISE (The International Stock Exchange) but has only issued ~£26M. The structure involves multiple SPVs, a development partnership with Michel Dadoun’s United Properties London Ltd, and registered offices at a serviced office in Mill Hill.
The Wynn Family
- Founded by David Weinzweig, Polish Jewish immigrant to Toronto (~1928)
- Sons Alex and Philip adopted surname “Wynn”
- Philip (1931–2016) built the real estate empire. Main entity: Pajelle Investments (portmanteau of Paul, Jeff, Les)
- Third generation runs the company: Paul (b. 1960), Jeffrey (b. 1962), Leslie (b. 1965)
- Jeffrey’s legal name: Jeffrey Mark Weinzweig — sole current director of Gold Wynn UK Holdings
- Fourth generation: Joshua Wynn (b. 1991), operates Blue Dawn Properties in Western New York
- 2018: Sold most Toronto portfolio to Timbercreek for US$1 billion
- 2022: Moved HQ to Nassau, Bahamas; brothers claim permanent Bahamian residency
- Unrelated to Steve Wynn of Las Vegas
Source: Wikipedia
UK Corporate Structure
| Entity | Number | Role | Current Director(s) |
|---|---|---|---|
| Gold Wynn UK Holdings Ltd | 12524623 | Holding company, TISE-listed | Jeffrey Weinzweig |
| Gold Wynn Heathrow Ltd | 12525066 | Heathrow House project | Jeffrey Weinzweig, Mark Shooter |
| Goldwynn Quay Management Ltd | 16206205 | Canary Wharf coliving | Mark Shooter |
| Station House Management Services Ltd | 14828135 | Milton Keynes management | — |
| Centric House Apartments Ltd | 12651171 | Milton Keynes | — |
| Heathrow House Ltd | 13674881 | Related to Heathrow | — |
| Heathrow House Holdings Ltd | 13671256 | Related to Heathrow | — |
| SH Milton Keynes Travel Ltd | 15771021 | Dissolved | — |
All at S223–S224 Churchill House, 120 Bunns Lane, London, NW7 2AS (serviced office in Mill Hill).
TISE Bond Programme
- Secured loan notes programme: up to £400,000,000 capacity
- Six tranches issued totalling ~£26.2 million (6.5% utilisation)
- Largest tranche: £13.1M (Tranche 1, due May 2024)
- No public prospectus found online
Source: TISE
UK Projects
| Project | Value | Units | Status |
|---|---|---|---|
| Heathrow House, 785 Bath Road | £56M GDV | 169 apartments | Operational, refinanced £35M UTB (Mar 2026) |
| Goldwynn Quay, Canary Wharf | £85M GDV | 209 coliving units | Operational |
| Station House, Milton Keynes | £35M refinance (STB) | 200 apartments | Operational |
| Centric House, Milton Keynes | — | 225 rental units | — |
Strategic Value
- The Bahamas relocation of the Wynn family raises tax planning questions
- A £400M bond programme with only £26M issued (6.5%) — is the programme mostly unused, or were issues not publicly reported?
- The dependence on United Properties London (now controlled by Dadoun’s 24-year-old son after Dadoun’s bankruptcy) is a significant risk factor
- Churchill House, Bunns Lane is a serviced office — the entire UK operation runs from rented desk space in Mill Hill