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Aberdeen property firm enters liquidation

Date Added: 27/10/2011  

A property company based in Aberdeen has revealed that it has gone into liquidation.

Aberdeen Immobilien announced that its real estate fund DEGI International is no longer operational, reports City Wire.

Hartmut Lesser, chairman of the firm, stated that protecting investors is the highest priority of the organisation, which is why it has taken the decision to liquidate the fund.

He added that the decision was made following a meeting with investors, noting: "We found we could not guarantee our fund would have the liquidity in mid-November to meet all the investors wishing to redeem their shares in DEGI International."

This comes shortly after it was reported by the Scotsman that record numbers of companies north of the border are being served with a winding up order and entering liquidation.

Iain Fraser, Scottish spokesman for R3, the insolvency practitioners’ trade body, stated that this is due to the state of the UK economy.

Need advice on Winding up Orders? Call 0800 9020123

Posted by Miles Pritchard

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