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Graham's success is well received; Commercial Property Quarterly Review.

GRAHAM Oldfield, associate director and head of property management at national commercial property consultancy, Lambert Smith Hampton's (LSH) Newcastle office, has achieved the prestigious Royal Institution of Chartered Surveyors (RICS) Registered Property Receiver (RPR) status.

After successfully completing a written examination, Graham attended a peer interview, comprising a panel of three registered property receivers, and was awarded the qualification under the Fixed Charge Receivership Scheme (FCRS).

Fixed charge receivership is a specialised, complex, and potentially highly-litigious area, requiring a great breadth of knowledge and experience in order to provide the best advice.

The main driver of the FCRS is to ensure that only those with the appropriate and relevant experience are able to register as fixed charge receivers.

Only nine people sat and passed the examinations this year, just three of whom were based in the North of England. Graham Oldfield is now the only RICS RPR and Fellow of the Association of Property and Fixed Charge Receivers (NARA) based north of Leeds and Manchester.

He said: "It is a significant and rewarding feat to have achieved the status of an RICS RPR."

As a Fellow of NARA, Graham is bound by a Code of Practice which sets out rigorous procedures to which all members must adhere, in order to maintain and improve standards and minimise risk.

Graham added: "As the credit crisis deepens, the number of distressed property sales is increasing. Therefore, becoming an RICS RPR, and a Fellow of NARA, will give potential clients confidence in LSH's ability to carry out the role and duties of a fixed charge receiver."

Darron Barker, head of LSH's Newcastle office, said: "Graham's success is fantastic achievement and further reinforces LSH's Asset Recovery and Restructuring Team.

"We have already received a number of instructions on behalf of lenders seeking to maximise the recovery of value from charged assets and Graham's new status inevitably positions him well to undertake many more."

Launched in 1999, the FCRS is a joint initiative between the RICS and the Insolvency Practitioners Association (IPA), now joined by the Association of Chartered Certified Accountants.
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Title Annotation:Features
Publication:The Journal (Newcastle, England)
Date:Mar 25, 2009
Words:345
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