Industrial Property, Motherwell – Administration
Moorfields were appointed as Administrators over an industrial property located in Motherwell, comprising 461,506 sq.ft of space with an estimated value of £12 million.
The appointment was made to manage the distressed asset and deliver an immediate realisation for the secured lender.
Objectives
- Achieve a swift disposal of the property to maximise recoveries.
- Protect and preserve the value of the asset during the administration.
- Ensure a transparent and structured sales process for interested buyers.
Moorfields’ Actions
- Launched an immediate marketing campaign to attract potential purchasers.
- Engaged specialist agents to manage the sale and negotiate the best terms.
- Oversaw operational matters and tenant communications to safeguard income and asset value.
- Coordinated legal and due diligence processes to ensure a smooth transaction.
Results
- Property successfully sold within a short timeframe, delivering value for the secured lender.
- Asset value preserved through proactive management and effective marketing.
- Administration achieved a swift and efficient outcome, minimising disruption and maximising returns.
