Prescott & Conran Hospitality Group Administration
June 20, 2018
On behalf of Sir Terrance Conran’s Prescott and Conran (in Administration), specialist leisure property advisers Davis Coffer Lyons has been instructed to advise on its portfolio of leasehold assets including the Albion brand, and the Lutyens restaurant and private members club on Fleet Street.
Acting for the administrators Duff & Phelps, DCL covered the entire market and provided reporting advice that fed into the administration process. In addition, lawyers have been instructed as part of a competitive bid process on the Lutyens premises.
Rob Meadows, Director of Agency and Leasing, Davis Coffer Lyons, commented “This is a good example of using our market knowledge and contacts to conduct a rapid market coverage exercise and offer comprehensive on commercial outcomes advice.”