Recoveries and Receivership
Savills workout advice is designed to mitigate loss and extract maximum value. We will provide a single service or coordinate a range of services to manage properties, to improve value and/or sell.
How we can help you:
We offer a range of property skills and market facing services specifically suited to bankers and other mortgagees, accountants and insolvency practitioners.
Confidential Strategic Advice & Valuation – At the outset we are able to both assess a property or portfolio and the borrowers' skills and situation in order to advise on the best or most pragmatic manner in which to proceed.
Savills Recoveries team will offer forward-looking advice in the context of prevailing market conditions for the asset having regard to the all the factors, risks and costs involved. This team has the resources to provide and manage a range of specialists which may be experts from within Savills or from other organisations.
Our Expertise:
The team is staffed by experienced property receivers who are able to draw on the services of the rest of the company to provide a full range of services including those normally used by occupiers, developers and investors from across all market sectors.
Asset Control and Property Management – we provide an established and well used route for lenders to take control whilst remaining distanced from other creditors.
Asset Management – We are able to asset manage existing properties to maximise income from tenants, reduce voids and irrecoverable costs, obtain or increase liquidity and appeal to the market, and so maximise investment value.
Build-out – We provide advice in a build-out process, sourcing advice from our specialists in building consultancy, project management, planning and development.
Development Management – We provide the skills necessary to re-position development opportunities to make the most of the emerging market opportunities.
Disposals – Private treaty/Auction/Tender: We sell by negotiation, from a “one to one” basis through to full targeted marketing. We are also one of the few practices that regularly stage both commercial and residential auctions. Our market knowledge and research will help inform all our advice.
