Client: Severn Trent Plc, nationwide
Gerald Eve LLP acted for the utility company, Severn Trent Plc to provide strategic portfolio advice in respect of their subsidiary property company Severn Trent Property Ltd. Severn Trent Plc were seeking to concentrate on core business and rationalise their non-core assets. Gerald Eve LLP were instructed to undertake a root and branch review of the property interests held by the subsidiary and advise on the appropriate route for disposal and potential realisation values for the asset. The comp
The portfolio was complicated by a layered ownership structure with joint ventures and partnering arrangements in respect of parts of the portfolio. Our advice sought to quantify the key risks and resulting values associated with various scenarios for disposal, resulting in a set of defined recommendations. Our findings and advice resulted in Severn Trent Plc realising £72m from the disposal in Q4 2006.
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