In 2010 Browne Asset Solutions Ltd was incorporated to provide a bespoke service to Banking Institutions, Receivers and other entities that were managing distressed properties portfolios. BAS quickly developed a blue chip client list that includes Bank of Ireland, AIB, Ulster Bank, IBRC, Danske Bank, Deloitte, Baker Tilly Ryan Glennon, KPMG, EY and Grant Thornton. In January 2013 the business of Walsh Design Group and Browne Asset Solutions Ltd merged. From early 2013 we have been engaged by investors and receivers on several projects to complete housing and commercial developments in order that values can be maximised by bringing individual or groups of units to the market.
We are currently working with a number of receivers on the following three projects:
- Ashmount, Silversprings: Completion of 30 houses and construction of 30 new houses.
- Harbour Heights, Passage West: Completion of 30 apartment and duplex units.
- Shanvogh, Ennis: Demolition of 3 partially-constructed apartment blocks and completion of 23 units.
In tandem with managing the design and construction of incomplete developments we engage with local authorities on legacy matters relating to social and affordable housing obligations, development bonds, taking in charge and compliance with planning conditions and building regulations. We pride ourselves in providing a bespoke service and offer all necessary project management, cost control, architectural, engineering design and certification on completion.
Do not hesitate to contact us if you require advice or assistance in your attempts to secure, manage and optimise your property assets.
Below are 4 housing developments we have worked or are currently working on in the distressed property market.
Site: The Tannery, Bandon
Client: Kavanagh Fennell
Project: Completion of 28 partially constructed houses and associated site development works.
Contractor: Murnane & O’Shea Ltd.
Completion date: July 2014
Site: Ashmount, Silversprings
Client: RSM Ireland
Project: Demolition of 10 partially-constructed houses. Completion of 13 units and construction of 21 new houses.
Design Leader: Walsh Design Group
Contractor: Murnane & O’Shea
Start date: Oct 2015
Completion date: April 2016
(The photos below show development from December 2015 to March 2016)
Site: Harbour Heights, Passage West
Client: Baker Tilly Ryan Glennon
Project: Completion of 30 duplex apartment units at Harbour Heights, Passage West.
Contractor: Donban Ltd.
Start date: Nov 2015
Completion date: July 2016
Site: Aisling Estate, Shanvogh, Ennis, Co. Clare
Project: Demolition of 3 apartment blocks and completion of 23 houses and all associated site development works.
Contractor: L & M Keating
Start date: Feb 2016
Completion date: June 2017