Fixed Charge Receiver
In response to the ongoing economic turbulence and issues in the property market, TDK has drawn on its strengths in the banking and development sectors to advise funders and clients in terms of both optimizing the value of an existing property portfolio and to identify the potential for future value opportunities.
With current market conditions, property owners and funders and should be concentrating on adding value to property assets. Assets should be managed in such a way that when a market materialises for the asset, the property is in a position to maximise marketability and value.
The TDK team is uniquely placed to undertake instructions on behalf of some the largest lending organisations, with partner Stephen Deyermond leading the team. The team is in the prime position to make an initial check on a property and can provide a quick response to queries. The process involves us recommending on how to stabilize a struggling asset in the short term with the target of returning it to optimum health and value over the long term. Our role as Fixed Charge Receiver means we are appointed with the intention of realising the asset, we are also appointed where following insolvency the Lender believes that we could apply our property expertise to achieve better outcomes than the borrower. Examples include co-ordinating the letting of vacant units, achieving planning consents or project management of the development process.