Julie Palmer and Matthew Hattersley discuss next steps for stalled housing developments with FT Adviser

As the number of financially distressed, incomplete, or stalled housing developments increases FT Adviser asked Julie Palmer and Matthew Hattersley from BTG, what actions developers and lenders can take and if this suggests that the right housing is being built.

In a lead article on its website, FT Adviser highlighted that zombie companies have been talked about for a number of years. However, the lesser discussed topic of zombie construction is a phenomenon that has been growing quietly and quickly.

Matthew Hattersley, Director in Valuations and Asset Advisory at BTG Eddisons, noted that he had been seeing a trend in being appointed over part-completed residential schemes. These are often in more regional locations as a result of a number of factors since the Covid-19 pandemic.

Julie Palmer, Managing Partner in Restructuring at BTG, also added her thoughts and sharing where BTG can help developers and lenders in these situations. 

The article highlights that BTG is now at the forefront of building solutions and strategies to revive these ‘zombie’ developments. This includes uncovering potential buyers or investors and advising the lenders and investors the best way forward.

Read the full article on FT Adviser.