Future unclear for major King’s Lynn building projects

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The future remains unclear for a number of major Lynn building projects after leading developers called in the administrators.

Morston Assets was placed in administration in December after months of attempting to raise funding had failed.

The Holt-based company has been heavily involved in the Nar Ouse Regeneration Area (NORA) project along with a bid to create a leisure and retail complex on land off the Hardwick Industrial Estate.

Rob Croxon, Allan Graham and Blair Nimmo, restructuring partners at KPMG, were appointed joint administrators.

A spokesman said: “Unfortunately it is currently too early to comment on individual assets.

“Our administrators are talking to advisors to consider the best strategy for each of the assets from the Morston portfolio and will hopefully have an update soon.”

A total of 29 properties in Lynn and across the country are included in the administration.

These include sites in Saddlebow Road, Horsleys Chase, Trunk Road, Morston Point, Willows Business Park and Freebridge Farm.

The company, which specialises in mixed use regeneration and development projects, employs 28 people.