Real Estate

We have worked on a multitude of instructions in the real estate sector, such as investigating construction delays, mergers and acquisitions (M&A) disputes, business interruption losses and other consequential loss claims.

The real estate sector is characterised by high financial gearing, medium to long-term construction contracts and lease arrangements with tenants.

Customers (tenants) are often ‘sticky’, and tenants may often continue to pay rent even when an incident has occurred if they are still able to use leased property. However, longer-term loss of income can arise if tenants are able to give up their lease (or have to be transferred elsewhere), especially if market conditions mean that finding replacements is difficult.

We often find that record-keeping in this sector is not as timely as in other industries, with fully accurate reporting only needing to be prepared for statutory reporting purposes. This means that in some instances less reliance may be placed on monthly or interim results.