Latest commercial property news from Lambert Smith Hampton

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Lambert Smith Hampton to sell subsea plough following Reef Subsea UK administration

05/05/2015

Asset consultants at Lambert Smith Hampton (LSH), formerly ES Group, have been appointed to sell a major subsea asset formerly operated by Reef Subsea UK Ltd (in Administration), a supplier of specialist subsea services to the oil and gas, and offshore wind industries.

LSH has confirmed that an SMD Heavy Duty Inter Array Flexibles Plough is available for purchase. The asset can bury a power cable up to 2.4m in to the sea bed, half a kilometre under water. The plough was delivered in 2013 and completed a 20 month, £80m project on the Gwynt y Mor Offshore Wind Farm, owned by RWE Innogy and is one of the largest offshore farms in the World.

Commenting on the instruction, Keith Tatterton, Director at LSH’s Machinery & Business Assets team, said:

“This plough is unique in the World! This sale is a great opportunity to purchase a high quality piece of equipment at a reduced price and lead time. As such it represents a unique opportunity for the right buyer wishing to enter this exciting developing renewables market place.”


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Matthew Scrimshaw
Head of North Region

0113 887 6721

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