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Qatari investors take litigation action against Hatfield Philips over Margaux portfolio sale

A group of Qatari investors, believed to be ultimately Gulf Finance House and Financiere Centuria, have issued litigation proceedings against Hatfield Philips International (HPI) over the sale of the Margaux German multi-family property portfolio to IN-WEST Partners for €268m in December 2013.
By James Wallace
February 19, 2015 | 8:20 P.M.

In an RNS announcement on Monday, HPI confirmed that the ultimate shareholders behind the Margaux borrower which was the collateral in a Credit Suisse-issued securitisation claim that the portfolio was “sold on unfavourable terms and that a higher purchase price could have been achieved for such sale”.

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