Buyers sought for Opal properties

Simon Donohue

Administrators for the Opal Property Group have begun marketing its North West assets.

KPMG and PwC have appointed Savills and DTZ respectively to sell student accommodation blocks belonging to the Manchester-based property group, which collapsed in March with debts estimated at up to £1bn.

Ernst & Young Real Estate Corporate Finance is advising on the sale of a portfolio of 19 Opal student and professional housing assets, including sites in Liverpool in Manchester.

Properties being marketed by Savills include Devell House, Manchester, and Aigburth Park, Liverpool.

Assets being marketed by DTZ include the Phase 2 of Wilmslow Park, Manchester and Opal Court, Liverpool.

Ernst & Young has circulated further details of the properties it is selling on condition that recipients sign a non disclosure document.

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