Quantuma launches service with Cap Real Estate

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Business advisory firm Quantuma has agreed a joint venture with property advisor Cap Real Estate Advisory. The project will look to meet the increasing need for property restructuring expertise.

The UK’s real estate market has been placed under major pressure by the Covid-19 pandemic. Investment which had been pumped into the commercial real estate sector in particular has taken a massive hit, with the need for office space during and after the lockdown months having changed drastically. Amid lockdown itself, demand for offices in London – the biggest market – halved, while business hubs look unlikely to ever recover to pre-outbreak levels of demand, as many firms look at flexible working and reduced office space to save money, and improve productivity.

As firms in the real estate segment comes under financial stress, many will look for support from the professional services sector. To that end, restructuring specialist Quantuma has announced a new joint venture (JV) with Cap Real Estate (CRE), with the aim of providing seamless advice when dealing with distressed real estate assets.

Paul Zalkin, managing director at Quantuma, 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. CRE is a property expert 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.”

The JV will see Zalkin and CRE Director Jeremy Toone lead a group of professionals, on a range of significant and complex distressed real estate matters over the last decade. These previous engagements have included the administration and subsequent sale of investment and development property group Kenmore. 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.

Toone remarked, “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.” 

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. Meanwhile, Zalkin’s 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, alongside experienced property restructuring expert and Director Michael Hall.

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