Client: KPMG
Acting on instructions from KPMG Corporate Recovery, Gerald Eve provided disposal services and investment valuation advice in respect of an industrial complex in Witham, Essex.
The site, comprising an industrial complex and manufacturing facility, was owned and occupied by motor parts manufacturer, JL French (in administration). Following a re-structuring process, BDO Stoy Hayward selected Amtek Auto Ltd as the preferred purchaser for the company, with the acquisition underpinned to a substantial extent by the company’s property asset base.
Gerald Eve worked with KPMG in advising Amtek to develop a disposal strategy identifying the options available, taking into account key risks and target timescales, to provide a range of disposal values realisable upon a variety of different assumptions.
Gerald Eve’s National Investment Agency team, based in London, orchestrated the disposal process and identified a shortlist of potential purchasers. A sale and leaseback transaction was structured with investment company, Teesland, to facilitate the necessary capital release to underpin the company disposal.
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