• A $59.5 million joint venture between AsheMorgan and the Bank of Scotland, established as a solution for the workout of residential development residual stock assets held by both companies
  • The total assets held comprised 134 individual residential apartments
  • AsheMorgan managed the fund with the objective of selling down the apartments over a four year period
  • Sales were maintained ahead of targets on both price and timing
  • AsheMorgan added value through the effective management of the assets and the sales agents’ marketing strategies