News

Key Issues:

• N Patel and S Ray appointed by Norwich and Peterborough Building Society as Joint LPA Receivers in May 2018
• Vacant industrial unit with negative equity

 

Receivers’ actions:

Property security and insurance reviewed

• SHW Receivers advised on strategy to manage and dispose of the asset
• Sale completed to a cash purchaser in July 2018

 

SHW Partner Niral Patel said: “We were delighted to be appointed by Norwich and Peterborough in this long-standing challenging property and conclude a sale at market value within a short timescale, and look forward to building on our relationship with the lender.”

 

Contact:
Niral Patel

npatel@shw.co.uk

01293 441315