The shape of construction and development during 2020 was the focus of a second webinar in a series on real estate restructuring held by Colliers International last week.
Following on from the first Real Estate Restructuring Strategies: Beyond COVID-19 webinar in May, in conjunction with the Turnaround Management Association, experts from Colliers Internationals building consultancy, valuations and development teams share their insights from the last three months and predictions for the rest of the year.
The session was moderated by Nick Hammond, Head of Advisory and Restructuring, included guest speaker Ellis Sher from Maslow Capital LLP, as well as Colin Wood and Paul Harper, directors in Colliers’ Project & Building Consultancy, Ollie Shipman, director of Valuation & Advisory Services and James Burke, associate director within the Residential Development team.
The discussion viewed live by 220 participants considered cost pressures, supply chain issues, developer interests in land, values, as well as risks of insolvency among construction firms and sub-contractors.
Nick said: “This is a challenging time for the industry, but the most important thing will be swift and decisive action to identify options for firms struggling to balance the books. Our experts at Colliers can assess viability, identifying funding streams and implement a robust strategy to protect as much value as possible for stakeholders in an equitable way.”
Details of next month’s webinar will be announced soon through Collier’s social media channels.