Real Estate and Leisure
In recent years, a notable feature of the real estate industry has been the increasingly complex nature of the structures used to own, develop and fund real estate.
In the investment markets, you need advisers who understand the different tools and techniques required to balance risk and reward and to maximise tradability. Our real estate and leisure 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. We are at the forefront of the market in terms of the traditional real estate specialisms required here.
Our capabilities in the hotels and leisure sector include hotel acquisitions and disposals, acquisition financing, bilateral and syndicated credit facilities, hotel management agreements including sale and leaseback or sale and ‘manage-back’, construction and development, the establishment of REITs, real estate finance and property litigation.
Significant real estate transactions include advising:
- Triuva on the sale of two pan-European real estate portfolios; 30 properties across six jurisdictions and 39 properties in nine jurisdictions
- CBRE Global Investors on the setting up and subsequent investment of their European Shopping Center Fund II and Pan-European Core Fund
- AustralianSuper on its two separate investments into the Kings Cross Central redevelopment
- Brookfield on its £4bn hostile takeover of Songbird Estates, the holding company of the Canary Wharf group
- Cerberus on the acquisition of the £13bn Northern Rock loan portfolio. The largest-ever financial asset sale by a government in Europe
- Beacon Capital Partners on the financing and subsequent sale of SCI Tour First; owner of the Tour First office tower. Tour First is the tallest building in France
- Schroder REIM, acting on behalf of a joint venture between two European institutional investors, on the acquisition of all the shares in Bastion Tower 1 SA and Bastion Tower 2 SA, owning together the landmark Bastion Tower in Brussels