MOORFIELDS APPOINTED ADMINISTRATORS OVER PART BUILT DEVELOPMENT IN HEMEL HEMPSTEAD

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.”

ENDS

For media enquiries, please contact:

Katie Smith

Tel: +44 (0)20 7186 1144

Email: ksmith@moorfieldscr.com

About Moorfields

Moorfields Advisory Ltd is one of the UK's leading boutique firms of restructuring and insolvency specialists. The highly skilled teams include restructuring professionals and licensed insolvency practitioners who provide leadership, experience and high-quality advice to companies and their stakeholders in financially distressed situations.

• Share