Business news with words entrepreneur+fund+property. 2 news.

Robert Whitton, the entrepreneur behind the celebrity-backed aAim, has launched a new £400m fund to take advantage of weakening commercial property prices. aAim, which is backed by Sir Alex Ferguson, the Manchester United manager, and Simon Cowell, the pop impresario, has spent the past few weeks pursuing two portfolios of hotels worth about £600m. The company, which has £2bn of property, is close to acquiring a package of 19 Queens Moat House hotels controlled by Goldman Sachs' Whitehall arm, and 18 hotels owned by Kew Green Hotels. Though Mr Whitton said aAim would not bid for four hotels being sold by Royal

Robert Whitton, the entrepreneur behind the celebrity-backed aAim, has launched a new ?400m fund to take advantage of weakening commercial property prices.