The interactive event, which is part of a new series launched this year, will be held on 25th February at 11am and moderated by Medianett’s editor, Beth Fisher.
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Adair’s director project monitoring, Richard Payne, and associate director and head of its Midlands office, Rachel Titley, will be joined by panellists Andrew Evans, head of lending services at Victoria Mutual Finance Ltd; Tom Alexander, director at Aukett Swanke; Jason Green, CEO at Halsbury Homes; and Benjamin Philips, head of property lending at Alpha Property Lending.
The topic for this event is ‘Spotting common risks in property development and how lenders can protect themselves’ and will discuss which development projects are more prone to problems and how this impacts lender appetite, as well as how to identify and resolve these early on.
Registration is open and it is free to attend for all professionals working in the sector.
The panel will be taking questions during the session and attendees are encouraged to get involved.
The event will also be available to watch after 25th February on DFT.
Andrew said: “Development finance carries one of the highest risk profiles of all the lending products provided by banks and finance companies.
“Therefore, in times of heightened economic uncertainty, lenders and developers must be attuned to the key threats impacting development projects and ensure appropriate mitigants are in place to adequately manage [them].”
Richard commented: “I would like to explain to lenders which are happy to look at heavy refurb, but not ground-up development, that there are as many risks in one as the other.
“Arguably, the risks in ground-up development are more easily managed and mitigated.”
Rachel added: “We need to challenge developers’ drivers for each project and not just assume in these unprecedented times that what has worked to date will continue to deliver success.”
Tom stated: “The debate around the design of buildings and cities has been opening up a lot during the pandemic as investors, developers, architects and tenants all reconsider their uses and levels of intensity.
“The agility of a structure to respond to new demands for working and living is informing both the adaptation of existing buildings and the design of new ones.
“The risks around this are key to exploring the best ideas and investments.”