Macquarie recently instructed receivers at Teneo over the asset
Savills instructed to sell mixed-use redevelopment opportunity
Agents instructed to sell The Collection
Transaction expected to complete by mid-May
Asset has significant upside potential
Distressed sale kicks off as owner attempts to revive refinancing talks
Investor has been exploring avenues to tackle its debt pile, including Outernet loan
REIT's chief executive poised to take advantage of supply-demand imbalance
Big-name firms are circling as pricing bottoms out