If indeed they are the interested party in a possible takeover, then my guess is that this was set up to deal with the acquisition and to hold the costs of pursuing said acquisition, which can be significant, especially if negotiations string out the deal. Legal costs, due diligence costs, financial and professional advice will all have been incurred if done properly. He wouldn't/shouldn't put through his property business as its a completely separate enterprise.
Doesn't of course mean anything as these costs would have been incurred and need to be accounted for whether it goes through or not. All only in my opinion of course.