KAJETÁNKA is a unique residential development on expansive grounds of a 16th century Baroque chateau located just 2 kilometres from Prague Castle in the distinctive Břevnov neighbourhood of Prague 6. Over four centuries, KAJETÁNKA has been home of an idyllic vineyard, a serene monastery and the lavish gardens of a grand family estate.
KAJETÁNKA has been fully restored, with three luxuri…
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The project consisted of 83no. apartments and a retail development, where 30% of the construction was complete. The development company was in receivership and a contract was in place with a main contractor to complete the development.
The Receiver initially instructed McCarthy & Associates to appraise the current project status and report on the potential construction, statutory compliance an…
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This project related to an incomplete residential development in Longford Town, consisting of the construction of 86no. residential units and all associated access roads, services and landscape works.
McCarthy & Associates were requested by the financial institution to carry out an appraisal of the project files and current status of the development. As part of the report, McCarthy & Assoc…
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The project consisted of 16no. uncompleted apartments and a ground floor retail unit which were approximately 90% complete.
In this instance the development company had been placed in receivership and the main contractor had been liquidated. McCarthy & Associates were appointed by the receiver to assess the status of the development, review compliance with the relevant statutory regulations an…
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The Challenge
Our brief on behalf of a financial institute was to negotiate with a local authority the release of a financial bond and have the relevant site infrastructure taken in charge.
Due to concerns of the local authority on the incomplete nature of the development and site infrastructure, the council indicated their intention to call in the financial bond issued by the developer’s bank, …
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McCarthy & Associates challenge was to complete eighteen apartment units in two semi-detached three storeys over basement blocks, which were nearing completion when work was stopped in early 2008 and the development closed up. Design team certification had not been attained in order to facilitate sale of the units.
On instruction from the Receiver, McCarthy & Associates contacted the origi…
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This distressed residential development was planned to contain 114 Apartments in 12 Apartment Blocks; 42 semi-detached and 2 detached houses. The developer only managed to partially complete 4 apartment blocks; 10 semi-detached houses and 1 detached house. The roads and services were also partially completed.
McCarthy & Associates were commissioned by the bank in 2010 to carry out an appraisa…
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The project related to an apartment development consisting of 264no. apartments over six blocks, which were partly developed.
McCarthy & Associates were initially engaged by the financial institution to review the developers completion budget and in conjunction with the developer, produce and comment on the pros and cons associated with a number of completion options.
Following the project ent…
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