HIGHFIELDS DEVELOPMENT PTY LTD

We were appointed Receivers and Managers of Highfields Development Pty Limited in April 2021 on behalf of the secured creditor to refinance or realise the properties.  Highfields primary asset was a 2 hectare site in the epicenter of the Port Macquarie Health and Education Precinct, across five tenanted property titles.  As Receivers and Managers, our role included:

• Securing the asset and liaising with multiple stakeholders in relation to a refinance or sale;
• Undertaking a sale campaign, short listing parties, assisting with due diligence, liaising with parties and selling the property development; and
• Distributing the sale proceeds to the Secured Creditor.

As Receivers and Managers, we were able to sell Highfields key asset to maximise returns to the Secured Creditor.