Still effect loans on the property market
The giant of Italian residential real estate, Gabetti, is forced to revise its strategies for developing and consolidating the territory as a direct consequence of the so-called impact loans.
A cut of more than 300 total employees of 670 (-45%) and the market immediately reacts with a discount of 2.41%.
The Ceo of Gabetti Ugo Giordano aims to franchise the whole network of agencies regarding the franchise system more at the expense of 102 heads of agencies that property within 18 months will give space to the new course.
Obviously such a significant turn can only be a direct consequence of the financial crisis and real estate.
According to the Gabetti Property Solutions "the franchise model has a structure of costs and revenues more stable and is less exposed to cyclical developments in economic and market reference.
This figure cannot be seen simply as a strategic review of business plan but appears to be yet another wake-up call sounded by the market.
The aftermath of the "Collapse loans" will hear the train again for their time.
Gabetti know, the reorganization is done.