A new Expert council on capitalization of noncore assets belonging to financial institutions has been formed. During last years mortgaged assets, unfinished projects in particular, have grown into a real problem for banks, not only for indebted developers and commercial property owners. An important task of the Council will be to accumulate and systematize critical issues of asset management and development, with a particular attention to mortgaged and low-liquidity properties and projects. The main function of Expert Council is to develop algorithms, methodologies of win-win solutions for real estate market players and financial institutions. The Task-force of Moscow-based Expert council includes CEOs of large development companies , bankers and experts. Its Chairperson is Vera Setskaya, President of GVA Sawyer.  

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