How might COVID-19 impact Australian Real Estate
23 March 2020
Leading international law firm Ashurst has published an insight piece that explores how Coronavirus (COVID-19) might impact the Australian real estate sector, including specific risk considerations for developers, landlords and tenants, and hotel owners and operators. With travel restrictions and lockdowns now widespread, the Australian real estate sector is looking closely at "force majeure" clauses.
The article can be viewed on our website here.
Partner, Pauline Tan commented: "COVID-19 has become a significant disruption to the real estate sector in Australia and it is now increasingly important for developers, landlords and tenants, and hotel owners and operators to assess insurance cover. We aim to ensure all our clients are prepared for further unchartered territory in the coming months."
If you would like to discuss the implications of COVID-19 for Australian real estate, please do not hesitate to contact Ashurst. If you would like to read more of our legal updates in relation to COVID-19, please click here. We will be providing further insights in the coming weeks.
