Accountancy firm Grant Thornton has been appointed administrator to a key subsidiary of UK celebrity fund manager AAIM Group as the liquidity crisis continues to take victims in the UK. Several media sources suggested that the crisis affects the entire AAIM Group, that counts TV presenter Sir David Frost and Manchester United manager Sir Alex Ferguson as leading shareholders and advocates.
Portuguese real estate investor and developer Bondstone is investing around €70 mln in a residential development in Belas Clube de Campo, municipality of Sintra, Portugal.
