Northern Ireland Portfolio
Augur were instructed by Nationwide Building Society to asset manage the commercial loan book which the Society held in Northern Ireland, acquired as part of their acquisition of Derbyshire Building Society.
The portfolio comprised in excess of 30 loans on assets varying from retail parks, industrial buildings, offices and a number of parcels of land or part-built developments.
Augur established an office in Northern Ireland and actively managed both the borrowers, on behalf of Nationwide, but in particular the underlying assets.
In many instances we have sought planning permission for developments, undertaken necessary maintenance or completed building works together with intensive management of income.