Receivers / Managers

We have worked for a number of Receivers/Managers over the past few years, including:

• BDO;
• Bentley's Corporate Recovery;
• BRI Ferrier (Brisbane and Townsville);
• FTI Consulting;
• Grant Thornton Australia;
• KPMG Advisory;
• Korda Mentha;
• Rodgers Reidy;
• Taylor Woodings; and
• Vincent's Insolvency and Reconstruction.

The range of distressed assets that we have worked on for these Receivers/Managers include:

• Englobo land parcels (residential and industrial);
• Holiday resorts;
• Medium-density development sites;
• Motels;
• Partially-completed land subdivisions;
• Prestige residential property;
• Student accommodation projects;
• Major centre commercial premises;
• Suburban commercial premises;
• Suburban retail premises; and
• Undeveloped land subdivisions.

The services we provide vary according to the type of property concerned and the circumstances facing the Receiver/Manager. In broad terms, we provide advice and direction as to the most cost-effective way of disposing of the asset. Our research often covers:

• Assessment of market demand for the premises “as is”;
• Review of market competition for similar premises;
• To investigate any potential re-use/reconfiguration of the premises;
• To assess any rezoning possibilities for the site;
• An overview of what prices are being achieved for the sale of similar premises and the likely market interest in the site;
• An assessment of the most viable method of disposal;
• Review of competing projects and what prices/rents are being achieved;
• Whether the site should be disposed of as vacant possession or with tenants; and
• Identification of likely buyers.