Commercial Estates Group (CEG) has gone into administration following a shareholder dispute. KRE Corporate Recovery has been appointed to manage the process for the Leeds- and London-based business.
A group of former CEG executives — Matt Farrell, Tom Gaynor, Antonia Martin Wright, Jon Allen, and Gerard Versteegh — has established a new company called RPG, which has acquired certain CEG assets.
CEG was responsible for major UK property developments, including Temple Leeds, EQ Bristol, and the £600 million Kirkstall Forge project. The administration affects only the management services arm, with the property-owning entities continuing to operate independently.
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