- The much publicised "sale" of Kingfisher
Villa and Kingfisher House are factually incorrect.
Kingfisher Villa is owned by United Breweries Holdings and
was offered as security to Axis Bank whose loan was
incorporated into the lenders consortium. United Breweries
Holdings has voluntarily applied to the consortium in
February for permission to replace the security value of
Kingfisher Villa with equivalent cash. As far as Kingfisher
House is concerned, this property is now vacant following
the move to The Qube. This property is intended for sale
and, once again, the consortium was voluntarily approached
for permission to sell with the proceeds being paid to the
banks.
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