The recent economic issues have affected commercial and private property markets alike. This has had a significant impact on developers, contractors, landlords, lenders and occupiers. The change in risk profiles for many lenders and consequential restrictions on access to funding has led to some tough decisions being made.

The sector still faces uncertainty and change in the future.

In the face of these challenges, strategic planning as well as crisis management is called for. Our specialist property insolvency team combines expertise in insolvency and distressed businesses with property finance, construction and property development, pension property investment and property disputes.

We advise on:

• Receiverships, including the appointment of the receiver by the bank and ongoing duties 
• The property issues in administrations, liquidations and voluntary arrangements.
• Dealing with tenant insolvency and landlord insolvency
• Distressed Portfolio Management
• Negotiating between landlords and tenants in the face of financial difficulties
• Secured Lending arrangements 
• Agricultural insolvency
• Claims for possession of property in insolvency proceedings
• Sale of property by insolvency practitioners or mortgagees
• Acting for insolvency practitioners appointed over construction and development businesses
• Acting for creditors of construction and development businesses
• Development property sales, as a result of insolvency

Some examples of our work:

Restructuring the land ownership in a farming partnership on a partner bankruptcy

Recovering possession for sale of agricultural equine and development land for receivers for sale

Advising receivers on development issues

Advising creditors on the Voluntary Proposals relating to businesses holding substantial property interests

Acting for project managers upon the appointment of receivers of a mixed used development

Advising a liquidator of a Luxembourg Limited Partnership regarding its property holdings in the UK

Acting for tenant farmers in renegotiating agricultural tenancies and successfully securing voluntary arrangements

Acting for Administrators and landlords in connection with disputes over entitlement to rent during occupation by administrators or purchasers of a business from Administrators

Acting for family members of bankrupts facing claims for possession by a Trustee in Bankruptcy

Acting for insolvency practitioners appointed over construction companies