Maxima Legal invites you to participate in an event, “How do you purchase real estate from an insolvent party and turn a profit?”
Maxima Legal and the consulting company IPG.Estate invite to participate in a seminar, “How do you purchase real estate from an insolvent party and turn a profit?”.
Date: 30 October, Tuesday
Time: 10.30 – 12.30
Location: Hotel Indigo (17 Tchaikovskoro ulitsa)
Acquiring real estate from an insolvent company is an investment opportunity that typically involves office space, warehouses, commercial and industrial premises and hospitality facilities in prime locations for prices that can be up to two times lower than market rates. According to statistics from the Fedresurs, in the first half of 2018 the total volume of sales of insolvent assets was equal to more than 49 billion roubles. At the same time, only around 6% of open auction lots and less than 60% of open public bids resulted in successfully completed trades. In short, the market has not reached its full potential, particularly in light of the weak growth in the number of court judgments against insolvent companies.
Potential buyers and investors are perturbed by a number of factors, including a negative association with insolvency, with even successful transactions and cases involving assets from former insolvent parties not being publicised, as well as a lack of understanding of the procedure for acquiring real estate through insolvency proceedings.
What should you look for when searching for an asset, can you trust the electronic trading platform, is there anything specific when entering into transactions, what risks are there and how to avoid them, and how can real estate from an insolvent party be turned into liquidity? These questions and others will be discussed by the speakers in the seminar “How do you purchase real estate from an insolvent party and turn a profit?”
Moderator: Valery Trushin, Head of the Research and Consulting Department at IPG.Estate
Programme
10.00 – 10.30 Registration and welcome coffee
10.30 Opening and introductions
10.35 – 10.50 Alexander Voloshin, Head of the Financial Markets and Investments Department at IPG.Estate
Assessment of investor activity in St Petersburg
10.50 – 11.05 Sergey Bakeshin, Head of the Insolvency Department at Maxima Legal
Risks when acquiring assets from insolvency proceedings
11.05 – 11.20 Denis Kucherov, Arbitration Manager at Association Dostoyaniye
Practice and perspectives on challenging trades
11.20 – 11.35 Natalia Faleva, Head of the departament for the sale of non-core assets at Bank Saint Petersburg
Policies for determining the procedure for the sale and price of property
11.35 – 11.50 Case studies of past real estate acquisitions
11.50 – 12.30 Reception and networking
Building developers, property owners, institutional and private investors are invited to attend the event. The event is closed to consultants and law firms.
Please ensure you register before attending the event. Participation in the event is free.
To register please contact by 18.00, 29 October:
Mariya Kryukova, m.kryukova@maximalegal.ru