One of the key questions for those with cash to spend on real estate right now is, when will the distressed sales start? The wake of the 2008 financial crash wiped out many in real estate, but it was a period when fortunes were made as well.
According to a pair of new reports, investors looking to capitalise on distressed sales should be looking to position themselves for disposals to start picking up pace toward the end of 2021 and into 2022. They might need to be brave: As opposed to the period after Lehman’s collapse, the distressed assets for sale might not be ones you want to own.
There are already some significant debt restructurings underway in sectors that have been hit hardest by the impact of the coronavirus, such as hotels and retail. AccorInvest, a €6B European hotel owner, has appointed Rothschild to advise on a restructuring of its €2.9B of debt, Bloomberg reported earlier this week. UK hotel…
Read the full story here.