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Another UK consultant bought by an American rival

Another UK consultant bought by an American rival
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Schemes taking longer to get off the ground as nervous funders run the rule over covid risks

Cautious funders are slowing down developments, according to some of the country’s biggest clients.
A report from cost and property consultant RLF said financial risk checks and legal hold-ups have been delaying schemes getting off the ground.
Source: Shutterstock
Funders are inserting covid-related clauses into agreements before signing them off
It added: “High land prices and strong investor appetite is matched with considerably tighter scrutiny on deals. Due diligence on schemes is taking longer as investors look to build a deeper understanding of the development before committing funds.
“Covid and Brexit are undoubtedly lawyer-friendly environments, and our developers told us that this is slowing deals down, with new covid related clauses introduced to funding agreements. We do not see that changing as we move through 2021.” ....

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