Volatile market conditions, rising construction and financing costs, letting risks, and operational or governance-related shortcomings can rapidly place property portfolios and development projects under significant financial pressure. In more advanced cases, such situations may lead to restructuring or insolvency proceedings or involve banks and lenders dealing with distressed loan exposures.

 

We support investors, funds, project companies, insolvency practitioners, banks and debt investors throughout all stages of these special situations. Our approach combines in-depth financial, technical and organisational analysis with decisive leadership and hands-on execution capabilities.

 

We conduct a detailed assessment of the underlying causes of financial or operational distress and develop realistic turnaround, restructuring or workout strategies. These are supported by clearly defined priorities, actionable measures, allocated responsibilities and achievable implementation timelines. Where required, we also assume interim operational management or oversight roles, acting as the central coordinator between all relevant stakeholders.

 

​

Scope of Services

​

Turnaround & Restructuring

​

• Conduct comprehensive portfolio and project diagnostics covering costs, programmes, cash flow, letting performance, construction activities and governance structures

• Develop turnaround strategies and 100-day action plans with clearly defined measures and decision-making frameworks

• Restructure business plans, capital expenditure (CapEx) programmes and project timelines

• Manage stakeholders and critical situations involving banks, investors, joint venture partners, public authorities and project participants

• Oversee critical project phases, including proactive escalation and decision management

• Establish early-warning systems, performance monitoring and cash flow control frameworks

 

​

Insolvency Management

​

• Analyse property portfolios and development projects in pre-insolvency situations and formal insolvency proceedings

• Provide operational asset management and oversight during ongoing insolvency proceedings

• Provide specialist real estate support and act as a strategic sounding board for insolvency practitioners

• Develop business continuity and restructuring strategies

• Manage development and construction activities within the constraints of insolvency proceedings

• Coordinate communication and operational interfaces between creditors, insolvency practitioners, courts and operational teams

• Prepare structured asset realisation, disposal or transfer processes

​

Non-Performing Loans (NPLs) & Bank Advisory

​​

• Analyse and assess non-performing real estate loans (NPLs) at individual exposure and portfolio level

• Evaluate the underlying property assets from financial, technical and project delivery perspectives

• Develop loan workout, asset continuation and recovery or disposal strategies

• Support banks, loan servicers and debt investors in evaluating options and making informed decisions

• Manage interfaces between lenders, loan servicers, investors and project stakeholders

• Prepare NPL transactions and property asset acquisitions or transfers

​​

​

Value for Clients

​

• Clear, reliable decision-making frameworks in complex distressed, restructuring and insolvency situations

• Rapid transparency regarding underlying risks, strategic options and financial implications

• Professional operational support that reduces the management burden on corporate leadership teams, banks and insolvency practitioners

• Mitigation of value erosion and asset realisation risks

• Structured preparation for the continuation, disposal or transfer of property assets

• A single, experienced point of contact for special situations and distressed real estate mandates

​​

​​