Kenmore pulled out of involvement in plans for a £300m hotel in Glasgow
An Edinburgh-based property group with offices across the UK, Middle East and Europe has gone into administration.
A total of 21 companies within the Kenmore Property Group have been placed in administration, while two others are now in receivership.
The Group manages more than £1 billion of investments in the UK, France, Holland, Germany, Belgium, Sweden, Norway, Finland and Dubai.
Two Kenmore businesses employ 50 staff at Edinburgh headquarters.
Administrators Grant Thornton said various Kenmore capital fund companies were in administration along with the Group's private equity arm and two single property vehicles.
There is also "a substantial development pipeline", according to administrators.
A connected company, Kenmore Private Equity Limited, has also been placed in administration.
There are Kenmore offices in London, Manchester, Leeds, Birmingham and Bristol.
Grant Thornton partner Rob Caven said: "Funding has been secured from Lloyds Banking Group to enable us to continue to trade the business while we explore with the Group's stakeholders potential restructuring opportunities.
"While there will undoubtedly be some uncertainty at this time our plans for the continued trading of the Group should avoid any immediate disruption to the funds that are owned and/or managed by the Group.
"Our immediate objective is business as usual," he added.