August 2008
PermaLink Did you buy Finchampstead land from landbanking firm?
If you are one of the people who bought a plot of land off Finchampstead Road in Finchampstead from UKLI, The Wokingham Times wants to hear from you.

Call on (0118) 9366 188 or email.

Thank you.

PermaLink Landbanks taken down
A group of landbanking companies that sold sites where "there was no prospect of planning permission being obtained" has been would wound up in the public interest following an investigation by the Insolvency Service.

Cheltenham-based Land International and three subsidiaries, all controlled by Michael John Morris, 60, and Stephen Nicholas Meissner, 45, began trading in early 2004 when they bought greenbelt land. It was subdivided into plots of around a tenth of an acre which were sold to some 700 investors, pulling in an estimated £10m.

(Via The Guardian. To read the full story, click here)

PermaLink UKLI founder selling more fields of unlikely dreams
The founder of a landbanking company that Guardian Money first featured three years ago, and which has left a £70m trail of debt, has reopened for business in Dubai, selling plots of land in Kent it calls Canary City to unsuspecting investors.

BBC Radio 4's Face the Facts will show how Baljinder Chohan, founder and owner of UKLI, has moved his operation from Berkeley Square in London to Dubai, and continues to sell the dream of turning tiny slices of agricultural land into sites with planning permission worth a fortune.

(Via The Guardian. To read the full story, click here)

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