Rush for Kilmartin and Annfield Assets

Scottish property company, Kilmartin Holdings, has gone into receivership, leaving Lloyds Banking Group facing a loss of at least £200 million.

Kilmartin Holdings and Kilmartin Property Group were handed to PricewaterhouseCoopers, the accountant, late last week, whilst another subsidiary, Annfield Assets, went into administration.

More than 100 parties have contacted PricewaterhouseCoopers over the disposal of assets of collapsed property companies Kilmartin and Annfield.

Knight Frank has been appointed real estate adviser and marketing agent.

Bruce Cartwright and Graham Frost, of PWC, are joint receivers of Kilmartin Holdings and Kilmartin Property Group and joint administrators of Annfield Assets.