The Joint Administrators of Hincroft Limited are pleased to confirm the sale of Bradstowe House, a property based in Harrow housing 177 rented luxury flats, to a third-party real estate investment company.
Tim Bateson and Ryan Grant from Interpath were appointed Joint Administrators to Hincroft Limited on 17 October 2023. The Company owned and operated Bradstowe House, a property housing 177 premium one and two bedroom apartments and penthouses in Harrow, Greater London.
Over the past 12 months, the Joint Administrators have worked with the managing agent, Greystar, to manage the day-to-day operations of the property, ensuring continuity and minimising disruption to tenants.
At the same time, they have worked alongside DLA Piper and Savills to secure a sale of the property to the real estate investment and fund management firm.
Tim Bateson, director at Interpath and Joint Administrator, said: “We are pleased to have secured this transaction which represents a positive outcome for the Company’s secured creditors.
“This deal is the culmination of a significant amount of work over the past 12 months to prepare the asset for sale, alongside the diligent management of day-to-day operations, minimising disruption to tenants. We’d like to thank the team at Greystar, as well as our appointed advisors, DLA Piper and Savills, for their support in reaching this successful outcome.”
