Windhorst's Bond Trades Ensnared German Property Investor
Welcome to The Brink. I'm Libby Cherry in Frankfurt, where I looked at the connection between Lars Windhorst and German real estate tycoon Cevdet Caner. We also have news on hedge fund Fir Tree and Ukrainian bonds. Follow this link to subscribe. Send us feedback and tips at debtnews@bloomberg.net.
Aggregate Holdings, the Germany-focused real estate company helmed by tycoon Cevdet Caner, was one of the emblematic victims of rising interest rates. Formerly known for its string of properties on Berlin's shopping boulevard Kurfurstendamm, it slowly lost prized asset after prized asset to creditors before collapsing in court-supervised restructuring proceedings.
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