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Administrators Ernst & Young have been appointed to 13 companies in the Opal Group of companies, after the firms failed to secure funding from their banks.

The move comes after Opal Construction was placed in

In a statement today Ernst & Young said Sam Woodward, Alan Bloom and Tom Jack were appointed joint administrators of 13 companies in the Opal Group (see list below), which provide student accommodation and professional lets for 7,200 tenants in nine locations throughout the UK - Bradford, Dundee, Huddersfield, Leeds, Leicester, Liverpool, London, Manchester and Wolverhampton.

The remaining Opal Group companies, with the exception of Ocon Construction Limited which is already in administration, are not affected by the administrations, Ernst & Young said.

Meanwhile, BNP Paribas has been appointed fixed charge receiver of the property London 4, Tufnell Park in London owned by Opal Carleton Limited (OCL).

The Ernst & Young said it was currently undertaking a full review of the 19 properties in the portfolio, with all the properties 鈥渢o be fully serviced by managing agents and residents will not be affected鈥�.

Sam Woodward, joint administrator, said: 鈥淔ollowing the expiry of facilities, the companies and OCL have failed to agree an ongoing funding structure with its secured lenders鈥�.

鈥淲e are keen to stress that it is business as usual for the portfolio. Tenants should be assured that any rents paid in advance will be honoured by the Administrators. The managing agents will continue to operate the properties and residents should continue to enjoy the accommodation and facilities on offer.鈥�