A notable feature of the real estate industry in recent years has been the increasingly complex nature of the structures used to own, develop and fund real estate.
Recent developments have only served to reinforce the need to understand how these might best be deployed in a hugely challenging market.
In the investment markets, you need advisers who understand the different tools and techniques required to balance risk and reward and to maximise tradability. Linklaters' real estate sector specialists do understand them - in some cases we invented them - so we can help our clients to create value, share risk, enhance returns and mitigate tax costs using an ever-widening range of innovative and complex structures. We are also unique in being able to draw on market leading, cross border teams in all of the various disciplines required: banking, mergers and acquisitions, real estate corporate finance, tax, funds, securitisation, derivatives, litigation and asset finance, as well as environment, construction, planning/zoning and other real estate-specific expertise.
Businesses of all kinds need operational space which is held on the right terms and at the right cost, is well-located and well-run, appropriately equipped and environmentally sustainable. Linklaters is at the forefront of the market in terms of the traditional real estate specialisms required here.
Contact us
To discuss legal issues with Linklaters’ global real estate team, please contact sector leaders Simon Clark or Alexander Vogt.
You can find out more about Linklaters’ real estate capabilities from sector manager Stacey Weaver on (44 20) 7456 4772.
Recent real estate sector transactions include advising
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HSBC on the sale of its global HQ office tower at Canary Wharf in London
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AREA Property Partners (formerly Apollo Real Estate) on several deals including its (and Europa Capital's) JV with Deutsche Bank-owned RREEF Alternative Investments to purchase and leaseback 947 assets (predominantly bank branches with aggregate value of EUR1.15 billion) from Banco Bilbao Vizcaya Argentaria (BBVA), Spain's second largest bank
the issuer/underwriter on several real estate company rights issues across the world including those for Alstria (Germany), British Land (UK), CapitaLand (Singapore), Klepierre (France), Orco (Poland), PIK (Russia) and SEGRO (UK)
St Martin’s Property Corporation, the Kuwait Investment Authority’s real estate subsidiary, on the JPY13bn (c. €110m) acquisition of a 27-storey residential tower in Tokyo by St Martin’s Property
PwC, as Administrators of the principal London-based Lehman Brothers companies, on Lehman Brothers real estate investment portfolio and UK premises
A consortium of Scandinavian banks on the SEK 15bn financing of AP Fastigheter’s acquisition of Vasakronan AB
UBS on the launch of global open-ended real estate fund of funds
Deloitte, as administrators of Woolworths and of luxury goods maker Waterford Wedgwood, on real estate aspects of the administration of both businesses