News about Nick Heidfeld

Hideaways Club hasn't attracted any new backers since 2019

www.dailymail.co.uk, January 20, 2024
Hideaways has been facing fresh resistance from insurgent investors after documents revealed that its property funds have not been able to attract any new people for almost five years. Investors have the opportunity to purchase a stake in a property portfolio made up of villas, chalets, and high-end apartments. They can then book the vacations for the holidays if they pay an additional membership fee each year to cover maintenance expenses. However, it is embroiled in a dispute with the Hideaways Members Action Group, a group of rebel shareholders. They are planning to file a lawsuit against the company and have claimed that since the company hasn't been able to bring in any new investors since 2019, the firm's existing backers are stranded, due to the company's 'two-in-one-out' policy.

In the Hideaways fees dispute, the investor loses in the courtroom

www.dailymail.co.uk, January 6, 2024
The decision concerned Peter Kabel, a German entrepreneur, and 13 other Hideaways investors. They are being sued by the corporation for refusing to pay membership fees. The group gives investors the opportunity to purchase a part of a property portfolio made up of villas, chalets, and high-end apartments that they can book for holidays if they pay an additional membership fee each year to cover maintenance expenses.

In Gibraltar, a 'trapped' investor fight against luxury holiday home company Hideaways Club has erupted

www.dailymail.co.uk, December 16, 2023
Tim Henman (pictured), Tomas Berdych, Formula 1 racer Nick Heidfeld, and billionaire Mike Balfour, the company's original backers, were among the company's original backers, including tennis stars Tim Henman (pictured), Tomas Berdych, and billionaire Mike Balfour, the founder of the Fitness First gym chain. However, the company is facing a lawsuit brought by outraged investors, who claim they have been locked into paying tens of thousands of pounds per year, despite some being unable to live in a Hideaways home for years.

Pininfarina's new £3million limited edition 217mph electric supercar to honour an F1 racing pioneer - and only five will be built

www.dailymail.co.uk, July 10, 2023
Pininfarina, the legendary Italian styling house, has introduced a limited edition 217mph electric supercar to honor an F1 racing legend, but only five will be built. At this week's Goodwood Festival of Speed, Automobili Pininfarina's latest zero-emissions Battista Edizione Nino Farina makes its global debut at the Goodwood Festival of Speed, which runs from Thursday 13 to Sunday 16 July. It's the first ever F1 World Champion Nino Farina's nephew, design legend and Pininfarina company founder Battista 'Pinin' Farina, who died in racing. In the coming months, the starting gun will be fired at a blitz of new future models to be displayed.