The client, a High Street Bank, had lent to a private company to purchase properties comprising of a mixed-use portfolio of offices, retail, warehouses, development land and residential housing in Cambridgeshire. Following the purchase, the borrower brought a damages claim in respect of an alleged “SWAPS” interest rate.
Having acted as the lending Bank, the former borrower brought about a damages claim against our client. This resulted in our client requiring current day and retrospective valuations of the property portfolio.
Expert valuation evidence was presented to the High Court to assess the Market Value of the property portfolio.
The final result for the client was a successful settlement in advance of a High Court hearing.