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Tchenguiz Talking to Insurers on Restructuring, Times Says

March 20 (Bloomberg) -- U.K. real estate investor Vincent Tchenguiz is talking to life insurance companies in an effort to restructure his 2 billion pounds ($3.3 billion) in property holdings, the Sunday Times said, without saying where it got the information.

Tchenguiz and his brother Robert were arrested this month as part of a fraud investigation into the collapse of Kaupthing Bank hf. Tchenguiz is seeking to channel cashflow from rents on his properties to a bond used to fund pension liabilities, the newspaper said.

To contact the reporter on this story: David Altaner in London at daltaner@bloomberg.net

To contact the editor responsible for this story: Colin Keatinge in London at Ckeatinge@bloomberg.net

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