Resilience Insurance’s Post

“3 of 4 GCs and CFOs in construction and real estate say a top priority is to increase certainty and predictability of legal costs—25% higher than the average across all industries.”    Read more key highlights below or click the link to download the full survey. https://lnkd.in/eM5vQhJf   #legalfinance #litigationfunding #BurfordCapital 

Dear Angela - Please fix the Planning System (it really is broken) A new Government, a King's speech and a Planning and Infrastructure Bill on the horizon has got the media all excited. The optimists are all very hopeful that the planning system will finally be fixed. But haven't we heard this all before from successive Governments? The sceptics (me included) will certainly watch with interest over the coming months. Buckle up and enjoy the ride! The published objective to modernise planning committees and increase LPA capacity will be music to the ears of most practitioners but it is questionable whether the new Government truly understands the magnitude of the problem before it? Increasing LPA capacity will carry a significant cost without an obvious funding solution. Remember the Conservative Government’s £24 million Planning Skills Delivery Fund was a drop in the ocean in terms of its ability to make any material difference. Modernising planning committees will help but misses the point that what is needed is increased delegated decision making particularly where sites are allocated for development in a local plan or benefit from outline planning permission but it seems unlikely the new Government will be so bold. In any event everyone is talking about it and there is hope (for now at least!). Read the industry reaction including my observations in the latest Property Week analysis. #freeths #planninglaw #planningandinfrastructurebill #kingsspeech

Planning costs are going up but a more crucial aspect is the time to achieve planning. Unfortunately, the speed at which councils are approving new applications is slowing down. This means interest costs over the planning period will be higher and must be factored into deals at the outset. #mezzaninefinance #developmentfinance #propertydevelopment #propertyfinance #mezzaninefunding Edward Alexson

Yesterday I was delighted, as Head of Restructuring at ReSolve, to provide some Thought Leadership comments on the Market, Challenges and Outlook for Construction, in Construction News. This followed up on other articles I have written or panels I have chaired. Currently we are advising on a large number of Construction style businesses...some stressed and others distressed...across the wider ReSolve team. "Andrew Pepper, Head of Restructuring at ReSolve, said developers were still dealing with the hangover from Covid, Brexit and the global financial crisis, and ongoing high interest rates were hampering smaller firms' ability to access finance. He said: “What some may find surprising is the amount of nervousness from large-scale funders, many of whom are pulling deals they would happily have funded only one or two months ago, as they look to invest in opportunities where their funds can be rotated on a shorter timeframe.” However, Pepper added that there were “plenty of reasons for optimism”. He said: “With the base rate dropping, and likely to fall further this year, planning rules facing a shake-up from the new government and house prices remaining resilient, the homebuilding market should be in a positive frame of mind........." To read more go to Construction News: https://lnkd.in/e3AmT5GK Regards Andrew #ForwardWithReSolve #housebuilding #building #directors #construction Turnaround Management Association (TMA UK) The IFT Institute of Directors (IoD) R3 Association of Business Recovery Professionals Charles Russell Speechlys BDO UK LLP ICAEW Eversheds Sutherland The Insolvency Service Howard Kennedy LLP Wedlake Bell Endless LLP Alvarez & Marsal CohnReznick LLP Gordon Brothers Funding Circle UK SIA Group K2 Business PartnersBibby Financial Services Gateley Legal Gateley RJA Mishon Mackay Land & Development Andrew Rimmington Mishcon de Reya LLP Mills & Reeve Thilo Schneider Edward Sloan Shawbrook Bank Alan Couzins Andy Leopold Michael Fletcher Simon K.

Exciting news or not? 🚨 The National Planning Policy Framework was unveiled earlier this week by Angela Rayner. In my latest video, I'm talking about: ✅ What's included in the framework ✅ Key changes introduced ✅ What it means for YOU 👉 Watch now: https://lnkd.in/e9wn9FuK Let me know your thoughts in the comments! 💬 #UKProperty #Planning #PropertyDevelopment

Have questions about financial planning, estate planning, or senior housing options? Join us for a Q&A session with our team of experts at the Grand Opening on April 24th! Don't miss this opportunity! #QandA #SeniorFinancialPlanning #ExpertAdvice #GrandOpeningEvent #AskUsAnything

#Construction attorneys Adam Paterno, Timothy Froessel and David McNamara co-authored an article featured in The Real Estate Finance Journal examining proposed #NewYork #legislation that could significantly impact retainage practices on construction projects. They discuss how these #bills could impact both public and private projects, plus explore implications for project owners. Read more: https://bit.ly/3NPOUfz #constructioncontracts

Addressing Rising Costs in Commercial Real Estate Development 📈 😬 In today’s commercial real estate development and construction industry, rising costs are an unavoidable reality. These increasing expenses can often lead to sticker shock for our clients when budgets are presented and final numbers come in. We understand the sensitivities of this growing trend, but at BGM, we tackle it with a straightforward, honest, and integrity-driven approach. Our commitment is to provide clear, upfront communication about costs from the very beginning. We don’t sugarcoat the numbers; instead, we ensure our clients are fully aware and prepared for the financial landscape ahead. By addressing these challenges head-on, we help our clients set realistic budget expectations and make informed decisions. At BGM, transparency is key. We believe that honesty and integrity are essential in building trust and achieving successful project outcomes, even in the face of rising costs 🤝. #realestatedevelopment #constructionconsulting #projectmanagement #constructionmanagement #nyconstruction #nyrealestate #ownersrep #developmentconsultants #bgm

We will host our webinar on Social & Affordable Housing: Trends and Developments on Tuesday 29 October from 11.00am - 12.00pm, via Zoom. At this webinar, our expert speakers will explore the current legal frameworks, financing models, and policy trends shaping social housing projects. We will discuss best practice examples including key legal considerations from a construction, real estate and financing perspective. Find out more and register here: https://bit.ly/4hbXKBr #MHCLaw #Webinar #AffordableHousing #FinancingModels

We have announced our 2023 financial results. Our Group Chief Executive, Jeremy Hartley commented “The Group has many reasons to be proud of these results. Our long-term relationships continue to underpin our businesses success and we would like to thank all our clients for their support. "I would also like to express my gratitude to the talented people across our Group for their commitment and ingenuity in continuing to respond to the ongoing challenges of the economy and the many different sectors in which the Group operates." ➡ Read our Group financial statement here: https://lnkd.in/eVXKVZyE ➡ Read our Construction financial statement here: https://lnkd.in/eCjJ3xZU #Construction #CivilEngineering #PropertyDevelopment #CommercialDevelopment #EstatesManagement #SocialValue #FacilitiesManagement #Partnerships