The event, which is part of a weekly series launched this year, will focus on what to do when things go wrong in development and how to avoid the pitfalls, and will be moderated by Medianett’s editor, Beth Fisher.
Richard Payne, director of project monitoring at Adair, and Phil Reynolds, partner at FRP Restructuring Advisory, will be joined on the panel by John King, senior lending manager at Commercial Acceptances; Alexander Pelopidas, partner at Rosling King; Abbie Ward-Corderoy, associate director at Auxilium Real Estate; and Trevor McClymont, development director and head of residential development at Ktesius Projects Limited.
- The need for development exit finance: 'Why wouldn't you want to be hedged against a changing market?'
- A broker's trusted track record with a developer can lead to more 'bullish' terms
- 'Developers who have the backing of lenders and financial advisers have a distinct competitive advantage'
The panel will discuss what developers should be preparing and including in their proposals when seeking funding for their schemes; the key issues to look out for in development contracts before and at the end of a development loan; and what legal complexities developers should be aware of if they need to secure additional funding.
They’ll also share their views on where the responsibility lies when things go wrong, and how a developer should approach their lender if experiencing difficulties.
Registration is open and 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 7th July on DFT.
Commenting ahead of the event, Phil said: “Now that we are reaching the end of the government’s Covid support, the economy is likely to be at a crossroads — and that is even before we consider the impact of Brexit.
“Developers, lenders and advisers to the sector need to be more aware than ever of what can go wrong, how best to plan and react to an uncertain market, and how to take advantage of the opportunities that will be available.”