Enforcement and Restructuring
We are experts in offering advisory and restructuring services. We specialise in providing bespoke tailored services and advice to real estate lenders throughout the lending life cycle.
We predominantly act on behalf of secured lenders to support them through the lifecycle of their property backed lend, through pre-lend reviews, RICS Red Book valuations, pre-enforcement reviews, debt restructuring strategies, consensual divestment and enforcement through both LPA Fixed Charge Receivership appointments and Administration appointments.
Our experts have vast experience in the property sector, having worked on engagements of wide-ranging complexities and sizes, meaning we are well placed to formulate customised and innovative strategies that have proven effective for solving real estate related challenges.
Our Real Estate Enforcement and Restructuring Services include:
Lender Reviews
Red Book Valuations
Debt Restructuring
Consensual Divestment
LPA Receivership
Administration
Real Estate Restructuring and Distressed Developments
Our team has extensive experience and capability in assisting in the appraisal and completion of problematic developments, both in enforcement and consensually to protect the lenders position.
KR8 Real Estate has in house Building Surveying and Technical Diligence to dovetail with the case progression strategy, meaning projects are overseen by individuals with the requisite breadth of experience. We are therefore uniquely placed in the market to assist development and project finance lenders in the assessment, completion or sale of a stressed project.
The team has worked across multiple development projects in distress – from single unit schemes, PD conversions to large housing and mixed-use schemes. We draw upon the breadth of skillsets across the KR8 team allowing us to strategically assess the project and offer the appropriate strategy to marry with the engagement; whether that be oversight advisory, Administration or LPA Receivership via our dedicated Real Estate focussed Insolvency Practitioners and LPA Receivers, who are also Chartered Surveyors.
Equally, and where the security package permits, we work with independent Directors who can be appointed to leverage control whilst potentially avoiding insolvency.
Restructuring and Project Management Advisory
In addition, our Restructuring Advisory team has the capabilities to manage unsecured creditors and formulate cashflows in order to articulate and manage stakeholder engagement, whilst protecting the interests of the project.
Likewise, our project management team offer ‘light touch’ oversight where there is a desire for greater visibility but a reticence to enforce.
Why engage KR8?
We are the only restructuring practice with a fully integrated real estate offering, overseen by chartered surveyors and experienced real estate insolvency practitioners.
Our team has evolved from backgrounds in receivership, restructuring, valuation, agency, development, professional services, building surveying, property management and banking.
We pride ourselves on being wholly independent, maximising the benefit of utilising the most appropriate and best-in-class third-party agents and consultants to achieve optimum results.
How KR8’s Real Estate team can help you
Our experts benefit from vast experience in the property sector, having worked on engagements of wide-ranging complexities and sizes. We are therefore well placed to formulate customised and innovative strategies that have proven effective for solving real estate related challenges.
How KR8’s Business Advisory team can help you
We work closely with stakeholders to get businesses back on track.
Whether demand for a product has fallen, an investment has not worked out as expected, or a company needs help defining its future strategy, our team — comprised of accountants, industry executives and former financial services professionals — has the expertise to make a difference.
In addition to working with management teams, our Business Advisory colleagues also support lenders and sponsors in managing investment or repayment strategies, particularly when financial risks are high.
