Brickflow and Revcore Asset Management have highlighted the benefits of their new strategic partnership after helping to revive a 104-unit part-built residential development on the South Coast that had remained stalled for more than 18 months.
The partnership, which formally launched in the first quarter of 2026, combines Brickflow’s specialist property finance marketplace with Revcore’s asset management expertise to provide lenders, insolvency practitioners, developers and investors with support across the full lifecycle of distressed and underperforming real estate assets.
The collaboration comes at a time when higher interest rates, weaker transaction activity and rising corporate insolvencies are increasing pressure on lenders and insolvency practitioners to maximise recoveries and preserve value within distressed property portfolios.
As part of the partnership’s first major case study, Brickflow was brought in to support the workout of a distressed 104-unit residential scheme on the South Coast. The development had become a challenging asset with no clear route to completion despite being in receivership discussions for more than 18 months.
Working alongside the receivers, debt adviser, lender and developer, Brickflow and Revcore provided support across acquisition, financing, asset management and refinancing.
Using Brickflow’s panel of more than 160 lenders, the team sourced a development finance facility of approximately £15 million at 87% loan-to-cost against a gross development value of £23 million. The funding package enabled construction to restart and provided a route to completion for the scheme.
The borrower, who entered the transaction with around £3 million of equity, is now projected to generate approximately £5 million of profit within 15 months, according to the firms.
The partnership has been established to provide lenders, insolvency practitioners and investors with a single point of access to services including asset management, development consultancy, finance sourcing, disposal support and the identification of off-market distressed opportunities.
Dan Silver (pictured), head of partnerships at Brickflow, says: “This partnership allows us to deliver something genuinely different for the market. For lenders and insolvency practitioners, it means having a single, trusted partner with the expertise to handle every stage of a distressed asset, from management, development, through to disposal.
“For investors, it opens a curated pipeline of acquisition opportunities backed by structured financing and specialist development support. We’re bridging the gap between distress and value creation.
“We recently succeeded in turning around a known Southampton distressed project that the market considered unsalvageable. Our expertise allowed us to resolve this efficiently, resulting in a win for everyone.”
Nick Taylor, director at Revcore, adds: “Our team has worked through two recessions and has the experience and knowledge to understand how to protect and recover value in distressed situations.
“Working alongside Brickflow gives lenders and insolvency practitioners access to financing opportunities alongside our asset management expertise, and through our relationship with leading occupier-only business, Corep, we also have access to occupier-led investment and leasing opportunities, as well as helping to identify occupier demand ahead of the market, which makes a real difference when repositioning an asset.”
The firms said they expect to support further distressed property transactions across the UK throughout 2026 and beyond, working with lenders, debt advisers, insolvency practitioners, developers and investors to unlock value from challenged assets.
