Project
Giles Foods Bakery, part of the Warburton family, closed operations in 2017. Eddisons Asset Auctions was appointed to dispose of the entire plant and assets.
Approach
Eddisons CJM's approach included the sale and disposal of the large, complicated process plant through auction and private treaty.
A huge number of components involved in the manufacture of bread were involved in the sale, together with a wide range of factory plant and equipment. We needed to work to a strict timetable as the property agent had already a date by when the site needed to be clear.
Results
We were able to secure a negotiated sale with the new tenant who agreed to buy the contents of the whole plant.
Instead of going through the auction route, the private treaty sale included the negotiation of the lease and contents of the factory.
The project was completed two weeks before the deadline, which allowed the client to save on dilapidation costs.
