Investors in Kevin McCloud's projects told they face huge losses

Many feel they have been fobbed off by Grand Designs presenter’s promised returns

• TV architect whose design for living turned sour

Small investors who sank millions of pounds into the TV property guru Kevin McCloud’s eco-friendly housing ventures have been told they could face losing up to 97% of their money.

For 20 years the star of Channel 4’s Grand Designs has lectured the nation about how to create their dream home – but his own property empire has turned into a nightmare. Between 2013 and 2017, McCloud wooed investors with a string of fundraising schemes that promised returns of up to 9% a year from his Happiness Architecture Beauty (HAB) homes businesses.

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from Property | The Guardian https://ift.tt/2NrV9YD
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