10 hotels and care homes sold off after property firm’s collapse

Several South West hotels and nursing homes have been sold off following the collapse of a high-risk property company nearly 18 months ago.
Business advisory firm Quantuma and restructuring firm Kroll, the joint liquidators of the Carlauren Group, sold the properties to Phoenix Commercial Property Development (PCPD) for an undisclosed sum.
No jobs were saved as a result of the sale.
All of the properties were bought with the investor leases in place and, according to the liquidators, PCPD will negotiate with the leaseholders regarding further development and use.
The sale was completed on April 21 and included:

Eton House and Coverdale Court, Yeovil

Hurst Manor Nursing Home, Martock

Rosewell Care Home, Bristol

The Auck …
Read more…….