Just prior to the start of the new academic year, David Costley-Wood and Brian Green, restructuring Partners at KPMG, have been appointed joint administrators to Salford Student Homes Ltd (SSHL).

Costley-Wood and Green have also been appointed joint receivers over one commercial site and 36 residential properties in Greater Manchester, which provided accommodation for students at universities in the area.

The commercial property and 25 of the residential properties were owned by a private individual. The remaining 11 properties were owned by Brentwood Commercial Limited (BCL). All of the sites were operated by estates management business SSHL, which had one employee who has been made redundant.

The joint administrators have appointed residential property management specialist Touchstone CPS to manage and maintain the properties, handle all lettings and provide the full range of tenant services on an ongoing basis.

David Costley-Wood, joint administrator, joint receiver and restructuring partner at KPMG, said: 'SSHL and the associated properties have been unable to sustain their financial commitments in challenging economic conditions. We are committed to minimising disruption to students and tenants and ensuring day-to-day operations across the estate are maintained.'