Property Specialist Arron Kendall of Moorfields Advisory has been appointed Joint Administrators of Barker Homes Park Lane Limited.
The company owns a part built development site of 0.422 acres located in Hemel Hempstead. The site is located close to Hemel Hempstead town centre and the existing building comprises a part built five storey building configured to provide 47 residential apartments and a ground floor car park, providing 15 parking spaces.
Unfortunately, the company suffered financial difficulties when the main contractor walked off site and obtained a county court judgement against the company.
Moorfields have appointed Allsop to advise on the disposal strategy for the development site.
Arron Kendall, Partner at Moorfields, said: “Park House is a great opportunity for the right investor it has a great location in central Hemel Hempstead and no issues with onward construction.”
