He is stated as once saying “Property is not my bag. I have never turned a penny on property transactions although we have been known to lend a million or ten on it.”

The latest KIG corporate structure is focussing on acquiring top London apartment portfolios valued at some £86 million. We also know that Mr Terry has not called for any bank funding and is making the purchases from his “reserves”. We guess that some big money is behind the deal.

UK property has suffered of recent date and shifting top-end residential and commercial property has been tough. We believe that the fall in value of these types of portfolios is what has sparked the interest.

As banks are rushing to escape and off-load their property portfolio’s and calling in property secured loans, KIG Group seem to be rushing in where angels fear to tread. However from past performance we doubt that this is an oversight.

Mr Dan Terry has been persecuted over recent years with his troubles with French tax authorities who, as he says “have taken me to the cleaners.”. He is keen to offload his own property portfolios in France consisting of chateau’s, distilleries and shopping complex’s and perhaps is going back to his roots in the UK.

Some £28 million has already been spent in the South of England alone on various top-end residential properties in the ‘buy-to-let’ sector and he plans a further £86 million spend in the next several months.

Given his background and what he is doing in Spain, it is looking very possible that he is trying to enter in the CMO market and possibly use these newly acquired assets to back new securities issues and create a niche in the bond markets. This certainly fits with his medium-term way of thinking.