It promised to make them a fortune in prime German real estate. Yet, on Monday, only a few dozen investors in Brendan Investments Pan European Property (BIPEP) Plc logged in to a virtual annual general meeting of a property firm languishing in liquidation. Fronted by investment advisor and former television presenter Eddie Hobbs, some 800 people had piled into Brendan after a rambunctious roadshow in 2007. In total, it raised €12.7 million from backers to invest in property in Europe, supposedly helping them escape Ireland’s low yields as the Celtic Tiger reached its final period. The Currency has received from…

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Audio files, liquidation reports, Detroit deals: The collapse of Brendan Investments

The Currency has obtained a copy of a report by the liquidator of Brendan Investments, plus an audio recording of this week’s AGM. They raise significant questions about the collapse of the Eddie Hobbs fronted fund, which lost most of the €12m it raised from 800 investors.

24th Mar, 2022 - 10 min read

Tom Lyons

Chief Executive

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