PracticeAccounting FirmsChantrey Vellacott lands Five Ways receivership

Chantrey Vellacott lands Five Ways receivership

Landmark Birmingham building placed into receivership

SPECIALISTS from Chantrey Vellacott have been appointed joint-receivers of Five Ways Tower, one of Birmingham’s tallest buildings.

Craig Povey, David Oprey and Richard Toone, corporate recovery specialists from Chantrey Vellacott, will seek a buyer for 23-storey office block, which has been vacant for around 15 years.

“The owners have faced mounting challenges maintaining the building over the last 15 years which has led to our appointment as receivers,” Oprey said.

“While Five Ways Tower has been empty for some time, the building stands in a sought after location in the prestigious business district around Five Ways and Hagley Road.

“The building has a car park for approximately 400 vehicles and with investment to bring the property up to standard it has great potential.”

Related Articles

Leonard Curtis Scottish office led by ex-KPMG senior manager

Accounting Firms Leonard Curtis Scottish office led by ex-KPMG senior manager

10m Accountancy Age editorial
Managing partner Q&A - the year ahead: Richard Toone, CVR Global

Accounting Firms Managing partner Q&A - the year ahead: Richard Toone, CVR Global

11m Kevin Reed, Writer
Kingston Smith liquidators to distribute millions to Bond International Software PLC members

Accounting Firms Kingston Smith liquidators to distribute millions to Bond International Software PLC members

12m Stephanie Wix, Writer
Lee Causer joins Moore Stephens’ insolvency team

Accounting Firms Lee Causer joins Moore Stephens’ insolvency team

1y Richard Crump, Writer
FRP Advisory sells Harland Machine Systems to Accraply Europe

Accounting Firms FRP Advisory sells Harland Machine Systems to Accraply Europe

1y Richard Crump, Writer
Johnston Carmichael appointed as joint administrators for Axon Well

Accounting Firms Johnston Carmichael appointed as joint administrators for Axon Well

1y Stephanie Wix, Writer
Leonard Curtis launches legal services division

Accounting Firms Leonard Curtis launches legal services division

1y Accountancy Age, Reporters
CVR Global launches in Jersey

Accounting Firms CVR Global launches in Jersey

1y Richard Crump, Writer