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Consultant instructed to market City Lofts’ assets

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  • Consultant instructed to market City Lofts’ assets

    Property consultant Allsop has been instructed to market six of the UK schemes of City Lofts Group, which went into administration in July 2008.Jon Gershinson, the appointed receiver, has appointed Allsop to dispose of the predominantly residential developments in Leeds, Cardiff, Liverpool, Newcastle, Nottingham and Salford.The total number of units involved is 901. Of [...]

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    Re: Consultant instructed to market City Lofts’ assets

    How safe is it to purchase property in the UK that is in Administration from a bankrupt developer? Does that mean that creditors can come after your property after the sale or are you covered by the law?

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