KPMG in Central and Eastern Europe establishes Real Estate Restructuring Unit headed by George Leslie
8.04.2009Company: KPMG Česká republika, s.r.o.
KPMG in CEE has established a Real Estate Restructuring Unit that will assist stakeholders in real estate or real estate backed assets in the region. The new team will be headed by George Leslie.Until recently George Leslie worked as the Head of CEE Acquisitions for GLL Real Estate Partners GmbH. George brings with him almost 15 years of experience in the real estate industry particularly in Asia and CEE.
During his time at GLL, George was key in ensuring the successful deployment of the Accession Fund, a Luxembourg registered SICAV of €1 billion gross capital which is widely acknowledged as one of the best quality regional portfolios. He also deployed capital on behalf of various other funds and investors under GLL management.
In his new position he will establish a regional practice which provides integrated risk management, restructuring and value recovery services to financial institutions and other stakeholders of CEE real estate capital markets.
George Leslie comments: “Restructuring and distressed workout activities have been fading out during recent years of prolonged hyper liquidity and asset appreciation. Under present trends distressed situations will increasingly represent a focal point for management and market activity. I believe KPMG as a global network of professional firms is one of the best positioned organizations in the region to provide institutional quality advisory and transaction services during the challenging times ahead.”
He adds: “I am delighted to be working with Frantisek Dostalek, Managing Partner of KPMG in the Czech Republic and Chairman and Chief Executive Officer of KPMG in CEE, and with the whole team of KPMG in CEE.”
www.kpmg.cz
