New JV launches distressed real estate service
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Business advisory firm Quantuma, and property advisors Cap Real Estate Advisory (CRE), have agreed a joint venture (JV) to meet the increasing need for property restructuring expertise.
The new distressed real estate service combines CRE’s advisory offering with Quantuma’s restructuring, insolvency and tax expertise.
CRE director Jeremy Toone, and Quantuma managing director, Paul Zalkin, will lead a group of professionals who have acted as lead advisers on a range of significant and complex distressed real estate matters over the last decade, including the administration and subsequent sale of investment and development property group Kenmore.
Toone’s team includes Rob Nelson, former head of alternative capital markets at Doherty Baines, William Jeens, former head of real estate debt advisory at Grant Thornton, and former director of Grafton Residential, Niall Crowley.
Zalkin’s team of licensed insolvency practitioners and restructuring experts includes director John Maclean, previously a front-line lender in credit analysis and recoveries teams at several banks, managing director Simon Campbell and director Yin Lee – specialists in fractional ownership schemes – alongside experienced property restructuring expert and director Michael Hall.
The team will advise on a range of distressed real estate assignments across all sectors and all stages of the development cycle from bare land and part-built developments to underperforming investment properties and provide cost-effective and practical solutions to help stakeholders maximise value and minimise both cost and risk.
Toone said: “The real estate sector is experiencing increased distress, so it is certainly the right time to be partnering with Quantuma to establish this advisory team. We have a great team of people with extensive hands-on real estate experience having worked as professional advisors, property lenders and principals of property investment and development companies. I am looking forward to working with one of the fastest growing business advisory firms in the market.”
Zalkin said: “The proposition is simple and compelling. Quantuma’s professionals are experts in restructuring and insolvency, with a real breadth and depth of distressed property experience. Jeremy and his team are property experts with a deep understanding of insolvency and restructuring experience. In bringing the two together, we will leverage the efficiencies to be gained from delivering all services in-house. That will add value to our clients’ outcomes and there is no better time to launch this new partnership between Quantuma and Cap Real Estate.”