Deloitte appointed LPA receivers to Saltmill Limited, SE1
23 April 2013
Matt Cowlishaw and David Langton of business advisory firm Deloitte have been appointed as LPA Receivers over the property assets of Saltmill Limited.
Saltmill owns a freehold property at 1 Newington Causeway, Elephant & Castle, SE1. The property comprises a Public House at the basement and ground floor, with 10 apartments on the five upper floors. A commercial lease is in place with a pub operator and the apartments are substantially let.
Matt Cowlishaw, partner in the Restructuring Services team at Deloitte, said: “As well as being tenanted and income producing, the property has redevelopment potential as a result of the Southwark Council and Lend Lease planned regeneration project in and around Elephant & Castle, which will have a positive impact on the property”.
Deloitte has appointed Grainger plc as asset managers, who will shortly be placing the property on the market.
Any interested parties should contact Brian Walford on 0121 695 5285.
Notes to editors
In this press release references to Deloitte are references to Deloitte LLP, which is among the country's leading professional services firms.
Deloitte LLP is the United Kingdom member firm of Deloitte Touche Tohmatsu Limited (“DTTL”), a UK private company limited by guarantee, whose member firms are legally separate and independent entities. Please see www.deloitte.co.uk/about for a detailed description of the legal structure of DTTL and its member firms.
The information contained in this press release is correct at the time of going to press.
Member of Deloitte Touche Tohmatsu Limited.