CHALLENGE

  • Colliers were instructed by HSBC to assist in their decision as to whether to help finance a joint venture (Development Securities and the Pears Group) to purchase from NAMA a property portfolio owned by the Gerard Gannon Group.

STRATEGY

  • Colliers inspected each property
  • Undertook market research for valuations for loan security purposes
  • Prepared full detailed reports
  • Liaised with other professionals including solicitors, building surveyors and HSBC’s environmental provider
  • Due to quality of initial information extensive liaison with Borrower and solicitors to obtain correct information

SERVICES

  • Valuation

RESULT

  • Project completed
  • Loan entered into
  • Portfolio purchased