There has been a shift in the market regarding builder due diligence. From something that used to be considered ‘nice-to-have’, extensive pre-contract builder due diligence is now considered a must.
After two years of Covid-related pressures, unprecedented rainfall and construction-cost inflation for labour and materials have further impacted the Australian construction industry.
This article investigates practical opportunities to lower the costs of a receivership for distressed property assets.
Key lessons from our experiences on maximising value and understanding stakeholder impact with distressed property assets, particularly when related to partially completed development sites.
Debt trading is a powerful tool to obtain a fast outcome and to maximise loan recovery with distressed development sites. But it is less active in Australia.