Grand Designs presenter faces crisis over bond investment



Grand Designs presenter faces crisis over bond investment

Bond-holders left carrying losses after attempts to restructure Kevin McCloud investment

A fresh crisis looms for the Grand Designs presenter Kevin McCloud after attempts to restructure property bond investments in his housing empire failed.

Hundreds of investors – who were told last month they could face losing up to 97% of their money – were in effect warned that if they did not back the restructuring, one of the firms in McCloud’s empire was at risk of being wound up or falling into insolvency.

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Source: Guardian

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