Cushman & Wakefield has formed an association with a Law of Property Act (LPA) receiver to add to its debt recovery services team.

Ian Lerner of Ian Lerner & Co will work with Cushman’s current recovery team, headed up by capital markets partners Martyn Williams and Matthew Stone.

‘Falling capital values are putting more bank loans under scrutiny and with this association with Ian Lerner now in place, we can offer the full range of debt recovery services to banks from a desk-top check valuation through to value realisation via LPA Receivership,’ Williams said.

‘We are also working with equity providers who are willing to consider loan purchase or joint venture loan work-outs, if these are routes that a bank would like to explore.’