Simon Thomas and Shelley Bullman of leading insolvency and restructuring
firm Moorfields Corporate Recovery LLP have been appointed administrators over
St Vincent St (491) Ltd (SVS) on 14th February 2013.
The Scottish portfolio with an estimated guide price of around £15m
consists of 56% retail, 30% commercial and 14% residential, with much of the
portfolio consisting of prime retail outlets in Glasgow.
The company is one of the last major trading companies of The Coakley
Group formally owned by property tycoon Thomas Coakley. The tycoon was once
estimated to be worth £70 million but was made bankrupt earlier this year.
The portfolio will continue to run as normal while the administrators
carry out a strategic review.
For further details please contact Moorfields Corporate Recovery LLP on
0207 186 1144 .
For media enquiries, please contact:
Katie Smith
Tel: +44 (0) 20 7186 1143
Email: ksmith@moorfieldscr.com
Tel: +44 (0) 20 7186 1143
Email: ksmith@moorfieldscr.com
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