On this webinar for the Construction & Real Estate Community, Ros Rowe is joined by John Forbes, independent consultant and Nick Brown, FD of M&G, for a wake-up call to landlords, investors and lenders about the consequences of the Covid-19 pandemic.
The downturn in economic activity has led to individuals and businesses experiencing severe cashflow difficulties; many will not be able to make their rental payments in the June quarter. As a result, landlords will suffer reduced cashflow while still having to meet obligations: to their lenders, to pay interest and make debt repayments, as well as to their investors who require cash distributions.
Our expert speakers will explore the immediate consequences (the impact on accounting, distributions and valuations) and consider the longer-term results including modification of agreements to cater for future economic disruptions.
They will share their views on the impact of the lockdown on landlords, investors and lenders. The consequences for landlords will be explored as follows:
Register now and pre-summit your questions for the speakers to answer.
Rosalind Rowe is a subject expert for this community, a non-exec director of a housing association and chairs the National Taxation Policy Panel at the RICS. Formerly a tax partner at PwC, she has advised construction companies on complex projects including regeneration (King’s Cross and London’s Docklands); PPP/PFI joint ventures for student accommodation and mixed-use developments. As an adviser to many Real Estate Investment Trusts, she worked closely with the government to increase the supply of housing for rent together with initiating a framework of tax incentives to regenerate brownfield sites.
Nick Brown is an experienced, Big4 trained CFO, currently at M&G real estate where his areas of focus has included innovation, digital strategy and operating platform. Previously Nick led the Real Estate due diligence team at EY in London, where he advised on numerous landmark M&A and IPO transactions. Nick was also Head of Non-Financial reporting at KPMG, where he advised clients on reporting the value created by sustainable business practices, on which he lectured and wrote widely, including for ICAEW. Nick is chair of the pan-European working group on pricing of open-end real estate funds which has reported recently on recommended improvements to fund governance.
John Forbes is an independent consultant advising real estate investment managers, investors and others in the real estate industry on the structure and operation of real estate funds. Previously a Partner and Leader of the European Real Estate Industry Practice at PwC, he is now Chairman of the Independent Supervisory Board of the UBS Triton Property Fund, Independent Chair of the Urban Splash Residential Fund and a Non-executive Chairman of Ginkgo Advisor UK Limited.
John is a Chartered Accountant, Chartered Tax Adviser, and Fellow of the Royal Institution of Chartered Surveyors. He is a member of many industry bodies including Vice-Chair of the UK Executive Committee of the Urban Land Institute. A regular conference speaker, he has also authored papers including “Ammonites, extinction events and the real estate fund management industry” and “Unlisted funds - lessons from the crisis”.
All ICAEW members are welcome to join. To attend the webinar, you must join this free Community. Please click to join online.
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