corporate real estate: the best legal structures for your business

corporate real estate the best legal structures for your business

Did you know?

• According to PWC, the UK hotel sector is expected to grow across the board in 2015 owing to a resilient economy, buoyant business travel and as a knock-on effect from the Rugby World Cup. • In 2014, the currency advantage enjoyed by overseas investors drew interest from across the globe into the UK Real Estate sector. Almost £15.0 bn of investment flowed into the Central London market from overseas. According to Knight Frank, demand for Central London assets is expected to remain strong during 2015 and the UK is expected to outperform most large advanced economies (particularly those in Europe), making British commercial property attractive.

“ We focus on providing the full range of corporate and tax advice to real estate clients ranging from developers and funders to investors.

We pride ourselves on accompanying our clients from the very first stages of establishing a venture through to operational matters as well as funding, structuring and the delivery of specific schemes and successful exit.�

Anthony Hunt, Partner: Head of Corporate Real Estate

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Building your business from the ground-up Real Estate usually implies physical structures, such as commercial, retail, residential and hotel developments. It is well known that such assets need to be developed and managed appropriately. Just as important, however, are the corporate and legal structures behind the real estate business function itself.

Corporate structures need to be created and evolved efficiently in order to expand any physical asset portfolio. We provide practical advice for companies, individuals, investors and banks. Our experience means that we can help you secure the long-term growth and success of your real estate interests.

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Our service Our specialist corporate real estate team has worked with individuals, corporates and institutions on all their corporate real estate needs across commercial, residential and leisure business streams. We advise on the full spectrum of commercial functions, from establishing businesses and joint ventures to M&A, contractual agreements, investments, finance and tax.

Our client base includes many leading real estate developers and investors, both UK and international, including in the Middle East, India and Asia. Clients include well-known brands from the hotel, restaurant and leisure industries.

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Market insight “ London continues to attract new investment both domestic and from abroad. We work with developers, funds, banks and high net worth investors, especially from overseas, on many signature developments, including in Greenwich, Vauxhall, Knightsbridge, Earls Court, Victoria, Chelsea and the West End. Our key expertise in the hotel and restaurant sectors has also allowed us to develop an invaluable insight into the drivers for the consistent growth in the sectors.”

Paul Glassberg, Partner, Howard Kennedy

Recent work advising • T he Galliard Group on a joint venture to secure development funding from Cain Hoy Enterprises, established with the support of and a minority investment from, Guggenheim Capital, the parent company of Guggenheim Partners, the global investment and securities firm.

• On the acquisition and funding for a new Alan Yau concept restaurant in Mayfair.

• A family consortium on the sale of its multimillion pound property portfolio at the Earls Court development site to Capital and Counties PLC. • A Middle Eastern ultra high net worth family on the hotel and commercial redevelopment of Tobacco Dock.

• A leading London development manager on its joint venture funding with JP Morgan, including the development management agreement for its new Islington development.

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• A leading US Leisure Group on a US$100m transatlantic joint venture with a leading European resorts and hotels organisation.

• An Indian purchaser on the corporate purchase of the former Great Western Railway Office Building.

• Various developer clients on over a dozen joint ventures during 2014, including the acquisition of the Boleyn Ground, the home of West Ham United.

• On various hotel transactions during 2014 involving acquisitions, disposals, operation, management, asset management and franchising with major hotel brands such as IHG (Holiday Inn), Accor, Park Inns, Starwood and Hilton.

Key contacts

Key clients Hotels • Fairview Hotels • Interval Leisure • Marriott MVCI • Michels + Taylor • Yoo

Anthony Hunt Partner: Head of Corporate Real Estate T: +44 (0)20 3755 5521 E: anthony.hunt@howardkennedy.com

Restaurants • Alan Yau • Aqua Restaurant Group • Master Franchise for Bubba Gump Shrimp Co • Tragus (including Strada, Café Rouge and Bella Italia) • Yum! Retail • Cartier • Graff • Pandora • The Kooples Developers • Ballymore • First Base • Frogmore • Galliard Private Investors • The owners of Tobacco Dock • Various Middle Eastern ultra-high net worth investors, including from Israel and Lebanon • Danish, Indian, and Ukrainian high net worth investors

Paul Glassberg Partner T: +44 (0)20 3755 5470 E: paul.glassberg@howardkennedy.com

Eric Gummers Partner T: +44 (0) 20 3755 5480 E: eric.gummers@howardkennedy.com

“They have a good understanding of our challenges and our commercial face and act to ensure that we understand some of the potential risks which may flow from commercial legal agreements.”

Chambers UK 2015

No.1 London Bridge London SE1 9BG DX 144370 Southwark 4 Tel: +44 (0)20 3755 6000 Fax: +44 (0)20 3650 7000 www.howardkennedy.com