ACTING on behalf of Eileen Blackburn of French Duncan Chartered Accountants, administrator of Bo-ness based construction firm BMR Developments, Shepherd Chartered Surveyors has sold a portfolio of 10 properties to a number of private purchasers...
In addition to a church in Aberfeldy, the properties comprised three vacant development sites, a car park, a development of houses and four retail units, all in Bo’ness.
Sandy Falconer, surveyor at Shepherd, said: “We are delighted to have been able to assist the administrator by securing the sale of this property portfolio to a range of buyers within a limited timeframe.”
Eileen Blackburn, Partner and Head of Business Recovery and Insolvency at French Duncan, said: “BMR had been involved in building renovation and property development activity but, due to a recent downturn in the market, had encountered cash flow difficulties, leading to our appointment as administrators.
“We have worked closely in partnership with Shepherd, our agents on this case, to achieve the best possible result for creditors in a challenging market.”
ENDS For further information please contact Sandy Falconer at Shepherd on tel 01786 450438 or Eileen Blackburn at French Duncan on tel 0131 243 0199 Issued on behalf of Shepherd and French Duncan by Liquorice Media tel 0141 297 1699 www.liquorice-media.com Date: 15th October 2013