Here’s a rare chance for leasehold owners living in blocks owned by Tchenguiz to hear the great man speak courtesy of Bloomberg … and he is full of optimism.
To others, it might seem a tricky time for Vincent Tchenguiz right now, with Lloyds Bank poised to pitch a fifth of his freehold portfolio into administration (subject to a court hearing this week).
Plus there’s his and his brother Robert’s demand for £300 million compo owing to his arrest on mistaken evidence in March 2011.
You can view here
Highlights include: “They wanted to get some scalps,” says Tchenguiz, 57. “And now I’m going to butcher them.”
The accompanying feature article describes how Tchenguiz started at Shearson Lehman Brothers and then went into the property business, buying office blocks in Croydon occupied by the Department of the Environment. The rental income was then sold on for a far higher sum.
The article is not a very critical piece of journalism, but is an interesting profile.
I am one for taking a firm and unromantic view of leasehold management but this chap’s approach is ill suited to what is a person’s home, and therefore far more entwined in who they are, their families and their futures and personal security, than to be managed in the style of an aggresive commercial property landlord.
Great man? Really? How about a man whose only principle is money.
“butcher (my) enemies”… Words that will come to haunt him I am sure at the LVT, sorry FTT 🙂