Past Projects - Restructuring & Insolvency

For a mortgage fund took over the entire asset management of a partly completed project from a delinquent borrower including:-

• appointment of a liquidator
• restructure of the management rights scheme
• appointment of a new operator
• completed building works
• planning litigation
• Project Marketing

For a provisional liquidator advised and then led the team to urgently realise 11 leasehold fitness clubs which formed the foundation for the now Fitness First chain including:-

• presenting the assets to an international market within one week
• negotiating with landlords
• negotiating with preferred bidders to secure a complex sale within one week
• $15 million sale price for leasehold assets which were significantly loss-making and would have to be closed within two weeks of appointment when $1 million in rent became due.

For a mortgage fund reviewed the status of a non-performing loan and developed an asset management plan including:-

• works required to complete the resort
• appointment of an operator
• exit strategy
• business operations strategy

• Managed and sold the 1,000+ rooms, 10 assets, Greetings Group LtD
• Managed and sold Resort Hotel Leura
• $300m hotel and property group successful work out over three years
• Managed and sold 200 room CBD Hotel
• Investigating accountants reports on over 20 resorts and hotels