Professional services firm KPMG has formed a central and eastern European real estate restructuring unit aimed at providing services to companies wanting to cash in on ‘distressed situations’.

The unit, to be led by former head of central and eastern Europe acquisitions at GLL Real Estate Partners, George Leslie, aims to provide a ‘one-stop shop’ for property investors in the area.

Alex Verbeek, partner at KPMG said: ‘As global capital markets have entered a cycle of massive deleverage, the historic shift of market fundamentals shall present a significant volume of distressed situations.

‘The CEE region is presently unprepared for the demand of professional services which shall imminently be required by the market.’