The SPV which issued the securitised notes financing the portfolio’s acquisition by Propinvest in 2006, Gemini (Eclipse 2006-3) Plc, first submitted a claim to the Queens Bench Division’s Commercial Court in July 2013 arguing that the properties should have been valued at £100m lower. In June of this year it emerged that the SPV had added a further seven properties to the claim increasing the aggregate amount of the sum claimed by around £70m.