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FREE landlord software'Help Im a Celebrity Landlord Get me Out of Here' - The poorly property market has taken more victims, and this time they're famous.
This time the celebrities weren't going 'down under' instead they are just 'going under' as another opportunist property business goes into administration.
Celebrities, including Sir Alex Ferguson, Sir David Frost and (of course )Grant Bovey (husband of Anthea Turner and serial failed property entrepreneur.)
The Times has stated that AAim, a £3 billion property investment company backed by HBOS and chaired by Sir David Frost ( who would invest in a house like this? ), has gone into administration. It is feared that shareholders will lose all their investments, fortunateley they are massiveley rich celebrities.
The property company had invested billions in both European and British property in recent years, basing a highly geared investment model on future capital growth . ( which we all know didn't happen).
Grant Thornton, were appointed by a court as the administrator of AAim yesterday.
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