Phil Westerman, Head of Real Estate at Buzzacott, joins Property Week to discuss the growing pressures facing development viability across the real estate sector. With cost inflation, evolving regulatory requirements and continued pressure on financing, the fundamentals of development viability are being tested like never before.
In this conversation, Phil explores how these factors are reshaping deal economics, the realities developers are facing on the ground, and what it means for schemes currently in the pipeline. From shifting margin expectations to the increasing need for flexibility in structuring and delivery, the discussion looks at how developers, investors and advisers are adapting to a more challenging market landscape. Phil Westerman is a Partner and Head of Real Estate at Buzzacott, working closely with developers, investors and property businesses on the financial and commercial challenges shaping the sector.