Devco was able to step in, and after giving initial site strategy was able to renegotiate the deal so that all units were brought to practical completion for the benefit of the developer and finance company.
We were able to produce a successful marketing campaign which resulted in an increased return for both the bank and the developer along with the successful sale of all units. It was Devco’s ability to act as mediator and negotiator that meant the relationship between developer and funder could be salvaged and a management agreement be put in place.
A full service from recovery and management of the contractor and consultants as well as the sales & marketing along with the financial accounting and Ground Rent Sale.
£ 28 Million