Mount Group Student Natex Limited – in Administration

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Mount Group Student Natex Limited

Mazars LLP are identifying potential purchasers for a purpose build student accommodation development, owned by Mount Group Student Natex Limited.

Background

Patrick Lannagan and Julien Irving of Mazars LLP were appointed as joint Administrators of the Company, by the floating charge holder, on 5 October 2021.

The nature of the business was the development of building projects, and the Company was specifically set up for the purpose of developing purpose-built student accommodation in respect of the freehold land acquired.

Development property known as Natex, Islington L3 8HL

The Company’s principal asset is the purpose-built student accommodation development located constructed between Norton Street and Fraser Street, Islington, Liverpool L3 8HL.

The Property comprises a student residential development site over two residential blocks, with existing planning consent to continue building the remaining structures between 10 and 16 storeys, comprising 127 units (including 81 studios, and 46 clusters) providing 574 bedspaces.

For further detail please view the Natex brochure.

Next steps

In the first instance, the Joint Administrators would request any expressions of interest are directed to the appointed agents JLL and Wignall Brownlow. Any queries relating to the Administration of Mount Group Student Natex Limited should be directed to the Administrators. Contact details for all parties are provided below.

Viewing arrangements – The Joint Administrators have provided instruction to JLL and Wignall Brownlow to assist with the marketing and sale of the Property.

Viewing arrangements are strictly via appointment only through the appointed agents.

Under no circumstances should any party make an indirect approach to the business, the staff or management at the Property.

VAT – All prices quoted and offers made shall be deemed to be exclusive of VAT and VAT will be payable where applicable. Prospective purchasers should consult their accountant/tax advisor for professional advice in this respect.

Contact information

JLL
George Oakey
Tel: 0161 828 6429
Email: George.oakey@eu.jll.com

Wignall Brownlow
Jonathan Brownlow
Tel: 0161 839 6409
Email: jdb@wignallbrownlow.co.uk

Joint Administrators of Mount Group Student Natex Limited – Mazars LLP
Patrick Lannagan & Julien Irving
Tel: 07929 839 605
Email: mountgsn@mazars.co.uk

National contacts