The remnants of property company Dawnay Day is set to be broken up and sold by the administrator's
accountants.
BDO Stoy Hayward, which was appointed as administrator, has revealed that it now plans to instruct its accountants to sell the empire of over 300 properties which were held by the company.
Citywire.co.uk reports that Dawnay Day's properties have a combined worth of over £300 million and generate an annual rental income of around £45 million.
A spokesman for BDO told the website that there had already been "several hundred enquiries" about the portfolio.
"Although this is likely to be one of the largest property disposals this year, our preferred solution is to dispose of the portfolio to one purchaser; however, we would also consider a sale to a finite number of buyers," it was added.
In other news, Liverpool-based firm Vermont Developments has been placed in administration by Downing Corporate Finance.
LDP Business reports that Wilkins Kennedy has been appointed as administrator.
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