You may not have been on his superyacht, Da Vinci, along with the beautiful people visiting Cannes for MIPIM property bash, but it would have been a great place for Mr Tchenguiz to announce his latest plans to invest £100million (£77million) in UK proptech. If you were there, do let us know. Sadly, we are told that Vincent wasn’t there either, as The Telegraph reported that he – and his brother Robert were arrested in connection with the collapse of the Icelandic bank, Kaupthing.
They were released without charge but the party was over.
However, the real story is that £100 million. It’s probably a good punt for a relatively small amount of money, compared to his £3 billion UK property portfolio, but he has enough of that already, as Mr Tchenguiz said, “The UK real estate market is fast-changing. I want to be at the forefront of when property meets tech. I predict big growth from companies that can speed up estate agency work using new digital techniques for surveying buildings, or firms that make drones to inspect property exteriors.“
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