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The current economic climate has seen a sharp increase in the number of businesses facing difficulties. As economic growth has slowed the long awaited decline in property values has also materialised. In many instances, the options available to lenders, administrators or restructuring specialists dealing with struggling businesses will have regard to the asset base held by the company. Property invariably features high on the list.
In challenging times such as these, it becomes increasingly important to appoint a property adviser with an in-depth understanding of the specialist sector concerned. In many cases, making a pre-emptive appointment to restructure the terms of ownership or a transaction saves time, money and gives a greater degree of control.
Gerald Eve has specialists in a variety of sectors - ranging from power stations to hotels, nursing homes and development land. Our property skills have been called upon by the likes of Royal Bank of Scotland, HBoS, Skandinaviska Enskilda Banken, UniCredit Group, PricewaterhouseCoopers, BDO Stoy Haywood, KPMG and others to advise on property issues relating to recovery or restructuring situations. This specific corporate recovery experience means we understand what needs to be done and what’s expected of us.
If you are a lending institution, lawyer, accountant or insolvency practitioner dealing with asset rich companies in difficulty you should be talking to us.
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