Santander’s Madrid HQ
Glenn Maud, an investor who during the last boom bought some of the worlds most expensive buildings, has been declared bankrupt after losing a near seven-year court battle.
Maud was declared bankrupt in November following a petition lodged in 2014 from Libyas sovereign wealth fund, anotice from the High Court of Justiceshows.
The bankruptcy order comes after a complex legal battle involving the Libyan Investment Authority, Mauds former joint venture partner Derek Quinlan and fellow boom-time property investor Robert Tchenguiz. The case centred around the ownership of Santanders Madrid HQ, one of the worlds most valuable and highly leveraged property assets.
A judge found against Maud in his battle in June…
Read the full article at: https://www.bisnow.com/london/news/capital-markets/investor-once-head-of-35b-empire-declared-bankrupt-after-7-year-fight-107515