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Wednesday, 22 May 2013

Landwood dispose of Leeds Student Portfolio

 

 Landwood Group have sold a portfolio of 22 properties on behalf of the Fixed Charge Receivers, Steven Williams and David Acland at Begbies Traynor. The portfolio was purchased by the Timothy Smith & Michael Khalastchi Partnership.

The portfolio consists of 22 student properties, currently producing £235,000 per annum with the potential to increase further. The properties were situated in Burley, Headingley, Hyde Park and Woodhouse.

Landwood’s Antony Rosindale said: “We were instructed to sell the portfolio in October, and after requesting best and final bids contracts were issued in November. Once solicitors were  instructed the sale was completed within less than 8 weeks.”

“We had been instructed in March 2012 to manage the portfolio and performed a program of asset management to maximize realisations for our client.”

Landwood, a national practice, established  a base in Leeds city centre in June last year. It provides expert advice on property, plant and machinery and business assets.

Established in 2008, the company’s clients include a wide range of insolvency practitioners, banks and specialist lenders. It provides due diligence advice and valuations for both lending purposes and for corporate restructuring and insolvency. 

For more information contact Antony Rosindale by email  This e-mail address is being protected from spambots. You need JavaScript enabled to view it  or call 0113 403 2010

 

 

Surplus Assets Sale from 600 Group

 

600 UK, a division of 600 Group PLC, has appointed the Leeds office of asset managers Landwood Group to handle the sale of surplus equipment and machinery following a major investment in new plant and facilities at its Heckmondwike site.
 
600 UK has a world class reputation for the manufacture and distribution of machine tools and precision engineered components selling into more than 180 countries worldwide.
 
Michael Booth of Landwood Group said: “This is an exciting opportunity for Landwood to work with 600 UK.
 
“They have asked us to use our expertise in asset disposal to sell off a number of pieces of plant and machinery that, following the new investments, are no longer required by their operation in Heckmondwike.”
 
The Landwood Group, established in October 2008, provide expert advice on property, plant and machinery and business assets. In addition to asset management and disposal services, it provides due diligence advice and valuations for both lending purposes and for corporate restructuring. 
 
For details of the sale visit www.landwoodgroup.com or contact Michael Booth via e-mail on This e-mail address is being protected from spambots. You need JavaScript enabled to view it
 

Hank Marvin signed guitar set to for auction

 

A limited edition Fender Stratocaster guitar signed by Shadows legend Hank Marvin is set to be auctioned off.
 
The guitar, number 40 of a limited run of 40,  is part of a group of musical items belonging to a bankrupt estate.
 
Marvin and the Shadows shot to worldwide acclaim with Cliff Richard in the 1960s. He famously played and owned the first Fender Stratocaster in the UK.
 
The auction sale is being handled by Manchester-based chartered surveyors, auctioneers and asset managers Landwood Group, who have been appointed by Michael Locke of Begbies Traynor.
 
The Fender forms part of a larger group of musical instruments including a K Kwai Baby Grand Piano KG-1C, a Patrick James Eggle acoustic guitar, a 60th Anniversary Fender Precision Bass Guitar, a Hofner 500/1 Vintage 62 Bass Guitar and a set of Mesa Boogie amps and bass cabinets.
 
Michael Booth of Landwood Group said: “Due to the rarity of the items, in particular the Hank Marvin signed Fender, there is bound to be an awful lot of interest in the auction from Shadows fans. All the items are in excellent condition and have been part of a treasured collection.”
 
A public viewing is being arranged for February 13 2013, with an auction later this month on BidSpotter.
 
 

Landwood expand into Leeds

 

Landwood Group is expanding its operation with the opening of a new office in Yorkshire.
 
The office, which is located on Queen Street, will be led by director Richard Parkinson, who has previously spent over a decade in the Leeds market.
 
Landwood provides due diligence advice and valuations for both lending purposes and for corporate restructuring and insolvency. Uniquely Landwood also offers an operational review of businesses, which looks at commercial and operational due diligence, and turnaround consultancy.
 
The Manchester-based business, which also has offices in Birmingham and London, was established in 2008 by Parkinson and Mark Bailey. The company provides expert advice on property, plant and machinery and business assets.
 
Says Mr Parkinson: “Our expanding workload in Yorkshire, where we have worked on a number of different projects in recent months, means that setting up a permanent base in Leeds is common sense. This development is perfect for the business because it means we now have an excellent geographical spread. It’s a real opportunity for the Landwood brand to flourish and grow.”
 
“Our strategy is to continue to develop Landwood as a truly national operation and the opening of our Leeds office is an important milestone in our development. It will allow us to grow in a region where we have already established a firm foothold. Our reputation has given us the chance to build a wide and varied client base that includes a wide range of insolvency practitioners, banks and specialist lenders.
 
“Personally, it’s great to be returning back over the Pennines. Before moving to Manchester I spent around 14 years working in Leeds and I’m looking forward to spearheading the team from Queen Street.”
 
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