Case study

Bank appointment‚ London

Restructuring and Insolvency
at
Debt £4m

Block of converted apartments in Hogarth Rd, London.

No tenancy information but non-consented sub-letting and squatters. The apartments were of poor quality and flood damaged. The position was also complicated by a defective inter-creditor agreement.

We obtained vacant possession and implemented a cap-ex programme to create show flats before bringing the apartments to market.

We also liaised with the lenders to complete a new inter-creditor agreement.

Properties sold for circa £1million more than original expectations.

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