KPMG swamped with interest for Lehman’s HK assets

KPMG has been approached by more than 250 parties as the liquidator attempts
to wind up Lehman Brothers’ Hong Kong operations.

Head of real estate Michael Lindsay is on secondment to KPMG’s Hong Kong
office to oversee the disposal of Lehman’s $1.25bn property portfolio.

The portfolio includes hotel developments, retail and commercial buildings.
More than 90% of its country and currency risk is in Thailand and China.

Prospective buyers include rival investment banks, private equity funds,
hedge funds and property companies.

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