£20million Mayfair Home Repossessed
June 15, 2009 by Rob Powell
A Mayfair house worth £20million has been repossessed by the lender, in what is possibly one of the biggest reposessions evers recorded.
The seven bedoom property in Charles Street, complete with adjoining Mews, was owned by Austrian tycoon, Cevdet Caner, who had built up a huge property porfolio through his company, Level One. Cener Caner today tells the Evening Standard that he had offered a payment plan to the lenders but this was rejected.
Also see coverage in The Times and Financial Times.