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Case studies

Property valuation and recovery and restructuring case studies - BNP Paribas Real Estate UK  

Confidential client

Secured planning consent to enable a sale that exceeded client expectations
Appointed LPA Receivers on Project Omega, comprising four sites, for a major banking client. All four sites were sold within 12 months, met client expectations despite complications.

  • Location London
  • Key figures Planning consent for 754 residential units, 601 student accommodation units, 337 hotel rooms, over 100,000 sq ft of commercial floor space.
  • Contact Joe Pitt, +44 (0) 20 7338 4005


The results

  • Successful sale of a site in receivership 
  • BNPPRE acted as LPA Receiver, appointed by a major banking client, sold the site with an increased level of recovery by significantly improving the planning consent 
  • The site was sold quickly, with a swift resolution of complex issues

The challenges

  • To maximise recovery from a non-performing commercial property loan quickly. The asset was a vast site on the East perimeter of the City of London and only part-way through planning. There were also complexities with an adjacent property that needed to be resolved.

What we did

  • We recommended a strategy to add value through improving the planning consent of the site.
  • We engaged with Tower Hamlets to obtain the consent for 754 residential units, 601 student accommodation units, 337 hotel rooms and 10,000 sq m of commercial floor space.
  • We employed an asset manager to progress the site quickly and effectively.
  • We negotiated a sale that exceeded expectations to a major UK housebuilder.
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