Real Estate & 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.

Work highlights

Significant real estate transactions include advising

Permodalan Nasional Berhad and Employees Provident Fund on the £1.6 bn stake in the £9bn redevelopment of London’s Battersea Power Station

Aermont Capital on the establishment of their fourth generation €2bn European-focused opportunistic real estate fund

OZ Management LP on a £525m facility agreement for PegasusLife Property Holdings Limited (wholly-owned by funds managed by Oaktree Capital Management, L.P.) in connection with a portfolio of 50 retirement living facilities

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