CBRE creates corporate recovery team for region

Michael Hunt

In a move to help combat increased distress in the property industry, a loan and corporate recovery team has been brought into the North West by CB Richard Ellis.

As part of a national service, the North West team will be based in both Liverpool and Manchester.

Made up of valuation, professional, residential and alternative investment professionals, the team will operate under the guidance of directors Shaun Skidmore and Chris Weights.

The team is fully aware banks are evaluating their debt books in great detail in order to identify the level of exposure on individual and company loans.

Weights has stated it is not a panic situation, but he and his team are looking at ways of repositioning themselves to limit any potential loses.

Therefore, the new North West team at CB Richard Ellis has been set up to offer advice to lenders, occupiers and borrowers experiencing these problems.

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