When unexpected changes in personal circumstances meant an overseas client could no longer complete the purchase of an apartment at Postmark Development, they turned to AZ Real Estate for support.

Originally purchased off plan for a family member for approximately £1.9 million, contracts had already been exchanged and a substantial deposit had been paid, leaving the client facing the possibility of significant financial loss if completion could no longer proceed.

With only a few months remaining, time was limited. Rather than approaching the situation as a traditional sale, AZ Real Estate treated the instruction as a reassignment opportunity, focusing on protecting as much of the client’s investment as possible while securing a suitable replacement buyer.

Apartments of this configuration were no longer available directly from the developer, which created an opportunity in the market. However, reassignment transactions can appear complex to prospective buyers. After carefully repositioning the property and bringing it back to market, a buyer was secured within a relatively short timeframe.

As construction neared completion, AZ Real Estate worked closely with the developer to arrange access to the apartment, allowing the incoming buyer to view the property in person.

Finding a buyer, however, was only part of the challenge. Developer approvals, access arrangements and tight completion deadlines meant the process remained complex even after a buyer had been found. AZ Real Estate stayed closely involved throughout, managing communication and helping move the reassignment forward at every stage.

The apartment was ultimately reassigned for approximately £1.8 million. While below the original purchase price, the outcome allowed the client to avoid a far greater financial loss and move forward having recouped a significant part of the investment already committed.