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Proven experience in
INSOLVENCY PROPERTY SERVICES

It’s been so long since Australia has seen a serious recession that there are very few insolvency practitioners with a proven track record in managing property in an insolvency event. Our team has the exceptional experience and the multidisciplinary skills necessary to achieve the best possible outcome from any situation.

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    Our Service

    Here at Dissolve we have expertise in representing Secured Creditors & Other Lenders, Landlords and Tenants. We accept formal appointments under the Corporations Law (such as Receiver or Voluntary Administration) but much of our work is behind the scenes in advising on special situations and monitoring outcomes.

    We will often team with other real estate professionals such as Agents, Valuers, Property Lawyers and Developers. We have a special expertise in dealing with mid-size city and regional shopping centres – we have achieved excellent outcomes in teaming with a real estate agent (see below) in re-tenanting under performing second tier shopping centres and improving performance with a view to a sale or debt restructuring.

    Our Experience

    We have unmatched experience acting in the following roles:

    • Receiver & Manager
    • Voluntary Administration
    • Mortgagee In Possession
    • Monitoring Accountants
    • Investigating Accountant
    • Tenant Representative in Lease negotiations with Landlords

    We have experience across a wide variety of industry sectors including:

    • Large Hotels and Resorts
    • Car Parks
    • Suburban Shopping centres
    • Residential Real Estate
    • Rural properties
    • Commercial Real Estate
    • Incomplete Property Developments

    Our People

    Meet our Team

    brad vincent

    John Gibbons – Lead Partner

    Fellow of Chartered Accountants Australia & New Zealand, Registered Liquidator, Member Association Independent Insolvency Practitioners

    John has more than 30 years specialist experience in corporate recovery, restructuring and reorganisation. He was a Partner of one of the Big4 Accounting firms, Ernst & Young in the Transaction Advisory Services Division for 24 years and Leader of the firm’s National Corporate Restructuring practice.

    John’s property experience includes:

    • Liquidator of Ray Fitzpatrick Pty Limited  with two complex properties with a combined value in excess of $160 million, achieving a sale price on one of the properties that was double the original valuation.
    • Receiver and manager to a property development at Mona Vale consisting of 12 town houses resulting in the bank being paid out in full.
    • Receiver of Budbox Pty Limited owning a major tenanted industrial property in Villawood, NSW with a value of $10m.
    • Agent for the Mortgagee in Possession of a boutique inner city hotel which he traded for an extended period to improve the facility until it was successfully sold
    • Acted for the mortgagee in possession of a suburban motel which continued trading to boost occupancy levels prior to its realisation
    • Responsible for the control, management and finalisation of the sale of a major Sydney hotel located in the Haymarket area to overseas interests
    • Receiver and Manager of several marina operations across the Greater Sydney Area, which involved managing all aspects of their operations, marketing and effecting the sale of each of the facilities
    • Advising a mortgagee on strategy to optimise recovery of its secured debt owing in relation to a Sydney property development

     

    cliff sanderson

    Cliff Sanderson – Partner

    Registered Liquidator, Chartered Accountant, Board Member of Association Independent Insolvency Practitioners, Member of Turnaround Management Association, Member Australian Restructuring Insolvency & Turnaround Association

    Cliff is a corporate restructuring specialist with over 30 years of experience in Australia and internationally. He is the founder and Chief Executive Officer of Restructuring Works. In the last 10 years he has been appointed liquidator of over 700 companies. He was a Partner of Ernst & Young for 10 years.

    Cliff’s property experience includes:

    • Monitoring Accountant and Restructuring Advisor for an 18 Level office Building
    • Investigating Accountant for three different Hotel and Resort Groups (Australia and Asia)
    • Three separate appointments as Restructuring Advisor to a Syndicate of Banks (Asia)
    • Project Director for the Receivership of a large Sydney Hotel
    • Joint Appointee as Monitoring Accountant for the Sydney Entertainment Centre car park including its management and sale;
    • Investigating Accountant for the Merlin Group of companies (British based property group) in Australia being a portfolio of 5 commercial properties valued in excess of $100 million;
    • Project Director for the Receivership of a mid-size suburban shopping Centre in southern Sydney;
    • Project Director for the receivership and sale of 2 farms in New South Wales.

    Chris Skinner – Senior Property Advisor

    Chris is a highly experienced property consultant. He has been a successful Real Estate Agent in Sydney and has many years’ experience as a Professional Leasing and Sales Executive with several major property groups. Chris currently leads the property area of RestruturingWorks and Dissolve (Company Liquidators). Chris holds a Bachelor of Business and is a Licensed Real Estate Agent (NSW).

    Employment Experience since 2002:

    Current: Dissolve – Senior Property Advisor
    Past:
    Mirvac Australia – Leasing Executive
    Westfield – Leasing Executive
    Hooker (Pymble) – Sales executive

    Achievements

    MIRVAC

    • Achieved pre leasing and zero vacancy targets;
    • Developed leasing reporting systems
    • Broadway remixing with the addition of Apple and JB Hi Fi and food catering.
    • Rhodes – Remixed the food court and added the Rider Blvd street side casual dining precinct which has been a tremendous success.
    • Successful remix and reconfiguration at Rhodes of 10,000 m2 of commercial office space above the centre.
    • Rhodes remix of fresh food with the addition of Aldi, Tong Li, and Vitaland

    Leasing Manager for Rhodes Waterside, South Village Kirrawee, St.Marys Village (Preparation prior to sale), Harbourside, Darling Harbour, Cherrybrook Village, Stanhope Gardens, St. Marys Village, Hinkler Central (Bundaberg), City Centre Plaza (Rockhampton), Tramsheds development, Broadway Sydney, Rhodes Waterside, Greenwood Plaza.

    WESTFIELD

    • Regularly received recognition for exceeding quarterly targets for pre leasing and zero vacancy;
    • Exceeded budgets every year resulting in full bonus payments; and
    • Closed over 400 deals.

    Leasing manager for Tuggerah, Liverpool, Woden, Belconnen, Hurstville, (Hornsby, Chatswood)

    INSOLVENCY

    Chris has dealt with many distressed tenants over the years and represented both the Landlord and the Tenant in discussions and negotiations in an insolvency context.  Specifically, he has:

    • Represented large landlords in identifying struggling and underperforming tenants and worked through tenant rental payment plans, business reorganisations, space rearrangement and exits;
    • Worked with many administrators and liquidators, particularly in the fashion and food & beverage sectors, to negotiate new leases and terms to assist with the sales of businesses or tenant exit.
    • Represented Landlords and Tenants in terminating leases, entering premises, taking possession of assets and fitouts with the objective of re-leasing and re-opening sites as quickly as possible to minimise rental loss for all parties.

    Contact Us

    Please either give us a call or submit the form and we will get back to you.

    1300 043 364