“An international Property Tycoon could be selling 250,000 homes to repay debts. Price: £3 billion” Alison O’Connor
Article: The Independent Network of Estate Agents
The great sell-off: Property tycoon to raise £3bn by selling 1% of ALL UK homes to clear his debts
250,000 homes are up for grabs in the sale. The portfolio has 15,000 homes in London alone.
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.
Forty per cent of the homes and apartments are in the South East of England, with 15,000 properties alone in London.
source: Mail On Sunday
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