Project Turnaround, Workout and Recovery
Anser work directly for project funders, either monitoring the activities of the developer client and his team, auditing the project, supporting the developer on behalf of funders, or taking direct control of the project in the event of lender default to work-out to problems and restore as much value as possible to the asset.
Landmark Office/Residential Development, Newcastle
Anser were appointed by a major house builder on a landmark scheme on the northern bank of the Tyne, close to the Gateshead Millennium Bridge and Sage Music Centre.
The scheme comprises 80 residential apartments in a triangular, glass and aluminium 12 storey block on the Quayside, 45,000sq ft of commercial office space in a separate brick and stone clad building, a café and a restaurant, a shop and gallery space, together with a large public space and underground carpark.
Our role was to manage a design team led by Architects, Sir Terry Farrell and partners and a full cast of supporting consultants to develop a scheme and progress it through planning negotiations to a full application. Permission was obtained on Appeal in July 2008.