CBRE Appointed to Sell Crystal Place Football Ground

CBRE’s Leisure and Alternative Investment team in the U.K. has been appointed as marketing agent by the Administrators for Selhurst Park stadium, the current home of championship football club Crystal Palace. The assignment followed the recent appointment of PricewaterhouseCoopers LLP (PwC) as joint administrator to the freehold company for Selhurst Park. Barry Gilbertson, PwC’s specialist property partner, said, “Selling the ground of any football club, but particularly one where both the club and company owning the ground are in administration, is particularly challenging. Having carried out a robust review of appropriate agents to advise us and sell the asset, we are delighted to appoint CBRE. Their depth of specialist knowledge was evident in their pitch, and the way that they apply that experience and expertise will make a huge difference to the amount of recovery for the creditors.” Please contact David Batchelor for more information.