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Real estate firm appointed to sell sites owned by stricken Birmingham based property developer

The sites include locations in Erdington in Birmingham and Hockley Heath near Solihull as well as central Derby, St Paul’s in Bristol and Wisbech in Cambridgeshire.

Alex Sweetman, a director in the Leeds office of Watling Real Estate, said: “These high-profile appointments involve several regionally significant schemes and we expect a buoyant level of interest from the market.

“The portfolio comprises a mix of full consented schemes plus sites currently being promoted through the planning process.”

Watling Real Estate is the UK’s largest and most experienced real estate restructuring practice with 18 staff including eight registered property receivers. The firm offers nationwide coverage through offices in London, Birmingham, Manchester, Leeds and Bristol.

Central Square Shopping Centre, BirminghamCentral Square Shopping Centre, Birmingham

The properties in Hockley Heath, Solihull and at Central Square Shopping Centre in Birmingham comprise residential-focused development opportunities currently promoted to support 41 and 30 dwellings respectively.

In Derby, Watling will bring to market The Landmark, a fully-consented 202-unit residential scheme presented within three tower blocks. The site had previously been marketed by agents Avison Young.

The Landmark, DerbyThe Landmark, Derby

Wisbech Gateway is a prominent 8.5-acre Cambridgeshire site next to the A47 with outline planning permission for a roadside development including hotel, petrol filling station, retail units, drive through restaurants, a hotel and industrial. Agent Rapleys had previously been marketing the units off-plan.

Newfoundland Road, BristolThe site in Newfoundland Road, Bristol

A site in central Bristol, off Newfoundland Road, is currently being promoted to support a 101-bed purpose-built student scheme, having previously received planning permission for a hotel-led mixed-use scheme.

Mr Sweetman said “We’re currently working closely with lenders and other stakeholders and plan to launch our campaign in the coming weeks.”

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