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Inside Tchenguiz’s £3.5bn Project MacDonald

One year on from their dawn arrest by the Serious Fraud Office on the morning MIPIM kicked-off, the Tchenguiz brothers have won their battle to be granted a judicial review of the SFO’s decision to arrest them, while older brother Vincent is eyeing up his major £3.5bn UK ground rents portfolio sale.
By James Wallace
March 6, 2012 | 4:00 P.M.

Vincent Tchenguiz’s £3.5bn UK ground rents portfolio, dubbed Project MacDonald, is expected to be sold later this year either in a single transaction or in piecemeal sub-portfolios to a sole cash-buyer with a liability-driven investment focus.

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