With high levels of distressed property prevalent throughout the Province over the past few years, FCR appointments are now being increasingly used by lenders to ensure the effective protection, stabilization and enhancement of property assets. OKT has been at the forefront of such activities throughout the various property sectors, acting on behalf of most of the leading banks in this capacity.
FCR services include pre–appointment administration; valuation and appraisal reports, highlighting critical issues; interim management of the asset; and ultimate disposal, including completion of lettings or ‘build–out’ to maximise revenue for the lender.
With property management, valuation and agency teams operating from our two offices, OKT is in a strong position to service FCR appointments.
