vinc.jpg

Vincent Tchenguiz: Selling 1% of ALL UK homes

Property tycoon trying raise £3bn

Daily Mail: The largest portfolio of homes in the UK is up for sale, and could be yours for just £3 billion.

Iranian-born tycoon Vincent Tchenguiz is looking to sell the freehold for 250,000 properties, which represents one per cent of the UK's entire housing stock. The sale has been exclusively targeted at sovereign wealth funds, according to the FT. Property magnate Vincent Tchenguiz has put his entire property portfolio up for sale, and is looking for around £3 billion for it Property magnate Vincent Tchenguiz has put his entire property portfolio up for sale, and is looking for around £3 billion for it Forty per cent of the homes and apartments are in the South East of England, with 15,000 properties alone in London.

Mr Tchenguiz is acting on behalf of the Tchenguiz Family Trust and has spoken to investment bank Lazard to help sell the portfolio, which comes with £2 billion worth of debts. The homes have an average remaining lease of 60 years, after which the properties will revert back to the freehold owner or be re-leased. Mr Tchenguiz told the FT the portfolio would give any buyer a safe and long-running exposure to UK house price growth. He said there had been 'several expressions of interest in the portfolio'. He added that he had not decided what he would use the proceeds of the sale for >>>

from Farhad
29-Jan-2012
Iranians of the Day | Photos
Balatarin
Share/Save/Bookmark

 
Khebedin

There are a good few

by Khebedin on Sun Jan 29, 2012 03:23 PM PST

There are a good few Iranains in UK in almsot simillar position. I suppose one could say that well over 5% of the UK residential & commercial properties are owned by just a few Iranains in UK. But let m etell you, almost 99.9% of the properies in Iran are owned by Iranians. Amazing!?


  •