Material valuation uncertainty is causing challenges for fund managers: European real estate market

The Royal Institution of Chartered Surveyors (RICS) is starting to recommend lifting ‘material valuation uncertainty’ clauses for real estate assets in a few favoured sectors. The level of scrutiny from external auditors, regulators and investors continues, nonetheless, as the industry determines the impact of COVID-19 on value.

Economic shocks bring about a need for greater transparency and independence, and none have been greater than the one we are experiencing now. In the current climate, fund managers are under increasing pressure not just to assure investors about valuations, but also to benefit from capital poised for deployment in European real estate.

So how does a fund manager achieve these objectives despite material uncertainty clauses?

In a recent article for IPE Real Estate Assets, Julien Sporgitas, Head of Advisory, EMEA shares his thoughts.  Read more here.