Maples Group Real Estate Services

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REAL ESTATE

maples.com

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REAL ESTATE SERVICES The Maples group aims to offer world class legal advice for our institutional and investment clients. Our Dublin office reflects this focus. We believe that we offer an unrivalled service in terms of the quality and depth of our offering for our institutional property clients.

Integrated

Scale

We offer integrated advice across tax, property, corporate and investment management. We work as a cohesive practice group to deliver commercially useful advice. Our clients praise us for providing technical, strategic, and commercial advice. As we are a full-service firm, we seek to deliver advice which has benefitted from the input of each specialist prior to submission to the client.

We look to distil our knowledge into solutions focused advice.

We have been one of the fastest growing and dynamic institutional property groups in Ireland.

In terms of funds, we have consistently been independently ranked 1st in the Irish market in terms of total number of Irish funds advised. We act for some of the largest and most successful institutional property clients in Ireland and globally.

Our practice encompasses: •

Real Estate law

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Construction law

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Finance law

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Funds and Investment Management

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Corporate law

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Tax and Structuring

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Employment

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Litigation

Quality and size of resources We have an excellent group of dynamic, clientfocused and commercially- minded lawyers at various levels of experience. Our specialist partners are among the leading Irish tax, real estate, corporate and investment management lawyers and are ably supported by a deep bench of excellent associates. We have the largest dedicated team of any Irish law firm.

Global reach We have been selected by many real estate clients to structure their investments in Ireland.

We understand the dynamics and commercial objectives of such investors. We can bring this experience to bear on the process to maximise

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our corporate administration and formation services (offering services to clients on the establishment and administration of Irish and non-Irish entities)

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our affiliated hosted management company business (unique among Irish law firms);

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our affiliated fund administrator (unique among Irish law firms);

Industry leadership

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Our partners have close relationships with the key players in the Irish tax, regulatory and property community. We regularly liaise with the Revenue Commissioners, Department of Finance and Central Bank of Ireland.

our cutting-edge proprietary eServices document management system;

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our global fund passporting / registrations team;

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our state-of-the-art web portal for fund board meetings; and

Ancillary services support

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our unique proprietary compliance monitoring tool.

the chances of a successful partnership. Unlike our domestic competitors, we have genuine international reach and exposure to global trends and developments, with 18 offices in major financial centres.

In the investment management sector alone, we have access to the knowledge and experience of more than 200 partners and associates across our locations worldwide.

Our firm’s core expertise allows us to channel our resources into providing an unparalleled suite of ancillary services and innovations which are specifically designed for financial services clients such as:

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MEMBERS OF OUR TEAM We have a large dedicated institutional real estate practice.

Our experts focus on specific areas of any transaction. We aim to deliver our advice in a cohesive manner.

We have a broad and deep pool of legal talent in order to satisfy the requirements of any mandate whether it be small or large.Biographies for some key individuals listed are set out below.

Diarmuid Mawe – Partner (Real Estate) Craig Kenny – Partner (Real Estate) Mary Liz Mahony – Of Counsel (Real Estate) Aisling Burke – Of Counsel (Real Estate) William Fogarty – Partner (Tax and Structuring) Ian Conlon – Partner (Funds & Investment Management) Where additional specialists are required, we will call upon one of our colleagues who are experts in those areas. We also utilise the support of our associates, paralegals and trainee solicitors to assist as required.

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DIARMUID MAWE PARTNER

diarmuid.mawe@maples.com Diarmuid is head of the Property team at Maples Dublin and he advises on all types of commercial property transactions. Diarmuid has extensive experience advising private equity and institutional investors on all property law aspects involved in the acquisition, management and disposal of real estate assets and loan portfolios.

Diarmuid also specialises in commercial landlord and tenant law, advising some of the country’s largest landlords and tenants on their commercial property portfolios.

He has many years of experience advising leading private equity and institutional clients such as Goldman Sachs, Irish Life Assurance plc, BNP Paribas REIM, Henderson Park and Tristan Capital Partners on their respective property portfolios across all industry sectors including retail, logistics PRS, office and hospitality.

Diarmuid is recommended in various independent legal directories, including Chambers and Legal 500 and is ranked as a “Leading Individual” in the Irish market. In Legal 500’s 2023 Guide the team are singled out for being “quick to respond to instructions with good follow up” while Diarmuid is described by clients as “excellent and always available”.

CRAIG KENNY PARTNER

craig.kenny@maples.com Craig is a partner in the Real Estate Group in Maples and advises on all types of real estate transactions. Craig specialises in all aspects of commercial property work, including the acquisition and disposal of investment property, commercial landlord and tenant, real estate finance, the property aspects of liquidations, receiverships and examinerships and the property aspects of corporate transactions. He has also acted on loan portfolio transactions, where the loans are secured by commercial property.

He is widely regarded as a market leader in this sector, advising some of the country’s largest landlords, developers and tenants on their property portfolios. Craig has advised financial institutions, private equity investors, overseas investors, insolvency practitioners and landlord and tenant clients.

Craig has been recommended in independent legal directories, including Chambers and Legal 500. In Legal 500’s 2023 Guide he is described by clients as “a standout lawyer” and is noted as having an “exceptional ability to conclude deals quietly without fanfare – consistently achieves good results for clients”.

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MARY LIZ MAHONY OF COUNSEL

AISLING BURKE OF COUNSEL

Mary Liz is Of Counsel in Maples and Calder’s Construction team in Maples Group’s Dublin office.

Mary Liz specialises in construction law and offers a full service to all construction industry stakeholders both on complex transaction mandates and on issues arising during construction, claims management and dispute resolution. Her experience covers a range of sectors including, commercial and residential development, healthcare, technology, energy, pharmaceutical and leisure.

Aisling is Of Counsel in the Maples Property team. Aisling has extensive experience in all areas of commercial property law with particular emphasis on both the acquisition and financing or real estate portfolios. Aisling specialises in property financing and is a leading practitioner in the Irish market on all aspects of real estate lending.

maryliz.mahony@maples.com

Prior to joining the Maples Group in 2023, Mary Liz trained with and worked for over a decade in the construction, infrastructure and energy practice of a large domestic firm. Additionally, she has worked at the Dublin office of an international law firm.

Mary Liz is recognised as a Rising Star (Legal 500: EMEA), 2020, 2021, 2022 and 2023. ”Mary Liz Mahony is a fantastic lawyer. She is very responsive and has a very pragmatic approach to the issues at play. She has the ability to independently, quickly and accurately assess the legal, practical and business risks in a fast-paced environment.”

(The Legal 500 EMEA: Ireland 2020)

aisling.burke@maples.com

Aisling’s technical expertise in this sector is highly regarded by her clients and colleagues who value her excellent level of service and commitment in ensuring transactions are successfully and efficiently processed to a successful conclusion.

Aisling also acts for various private equity and institutional investors who have been very active in the Irish real estate market in 2023 to include both Aviva and Iroko ZEN.

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WILLIAM FOGARTY PARTNER

IAN CONLON PARTNER

William is a tax lawyer with extensive experience of Irish property and financing structures. In Legal 500’s 2023 Guide, clients attested that “I have huge trust that I’m getting good advice from William Fogarty. William has huge experience advising private equity clients across fund structures, carried interest structuring, VAT and other areas.

Ian is a partner of Maples Funds & Investment Management team in the Maples Group’s Dublin office. He has extensive experience in the establishment, operation and regulation of both UCITS and AIFMD funds, with particular focus on alternatives, including hedge funds, investment limited partnership vehicles (ILPs), private equity and private debt, credit funds, loan origination and real asset structures. Ian has significant expertise in the ICAV space, having advised on the first ICAV authorised by the Central Bank of Ireland and numerous innovative ICAV structures, redomiciliations and conversions to date.

william.fogarty@maples.com

He delivers on time and communicates very well. He’s very accessible at short notice when issues arise”.

Another client stated “Will Fogarty is outstanding. He gives clear, practical advice and always comes up with solutions” Chambers and Partners notes that “He is an expert in his field who condenses a complex problem into clear prose, making decisions easier to make is a “very good strategically and technically”.

Will has focused on institutional ownership of property. He has a particular focus on co-investment arrangements advising a series of Irish and international investors on their arrangements, including Irish based entities who seek capital from international private equity, sovereign wealth and institutional capital.

Will was heavily involved in discussions with Irish Revenue and the Department of Finance in relation to the changes to the taxation of property funds in Ireland.

Will was one of the key contributors to drafting the legislation and continues to liaise with Revenue on the development of these changes.

Will is a contributor to various publications on tax matters for Irish funds and other vehicles and speaks on the tax changes for fund vehicles at our annual Maples Insights sessions.

Having worked in the UK for several years, Will is experienced in international structures and regularly works with international law and accounting firms on technical issues, such as the classification of ICAVs.

ian.conlon@maples.com

Ian is the Head of the Irish ESG and Sustainable Investing group and is recognised as a leading lawyer in the sustainable finance space.

He regularly advises global asset managers looking to establish sustainability focused investment funds in compliance with the EU’s Sustainable Finance Disclosure Regulation (“SFDR”) and the Taxonomy Regulation.

Ian is widely recognised as a leading lawyer in Irish financial services and is recommended by Chambers Global, ILFR and Legal 500. He has been described by clients as “very knowledgeable on the technical facts and commercially very experienced”, “exceptional, he has incredible knowledge of the ESG and sustainable investment space” and “commercial, practical and thorough understanding of our firm’s business”.

Ian is an active industry participant. Ian consistently contributes to international fund publications and journals. In 2022, Ian collaborated with AIMA in co-authoring (with Niamh O’Shea) their Guide on SFDR Level 2.

He is also a regular speaker at various industry conferences and webinars on ESG and sustainable finance, as well as the broader Irish and European regulatory space.

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OUR IRISH LEGAL SERVICES OVERVIEW OF OUR IRISH OFFICE

OVERVIEW OF OUR INSTITUTIONAL PROPERTY PRACTICE

Our Dublin office comprises over 240 staff today, including 37 partners and 120 professional feeearners who are market leaders in their areas of expertise. Unlike our domestically-focussed peers, we combine extensive knowledge and experience of Irish law with the in-depth strength and wider perspective of a global law firm.

As noted above, our Irish Institutional Property practice comprises 13 full-time partners (drawn from funds, finance, regulatory, tax and property) and over 50 full-time specialist lawyers and other professionals. It is the largest dedicated team of any Irish law firm, and that depth of bench reflects the size of our business.

Our clients can draw on the expertise of other Maples offices around the world (including our teams of Irish lawyers in our London, Luxembourg and Hong Kong offices), ensuring that their businesses and transactions are structured optimally.We specialise in the core areas of law impacting Irish institutional clients, as set out below. This reflects the focus of Maples globally.

For each of the last ten years, we have been independently ranked by Monterey Insight Ireland Fund Report as the largest Irish funds practice, based on the total number of funds advised, most recently advising on a total of 1,470 funds with 20% market share as of 30 June 2022.

Employment

Funds & Investment Management

Property

Dispute Resolution & Insolvency

Restructuring

Tax

Corporate

MULTI-DISCIPLINARY EXPERTISE

Financial Services Regulatory

Data, Commercial & Technology

Construction

Structured Finance

Asset Finance Banking

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1470 MARKET FUNDS % LEADER 20 MARKET

IN IRELAND FOR 10 YEARS IN A ROW SHARE

TOTAL NUMBER OF FUNDS FOR 9 CONSECUTIVE YEARS 2013 - 2022 Based on the total number of domiciled and non-domiciled funds advised as of 30 June 2022 | Source: Monterey Insight Ireland Fund Report 2013-2022

These lawyers are brilliant at what they do, and will always deliver

Rightly renowned as the market leader in Ireland

OUR KNOW-HOW AND THOUGHT LEADERSHIP We have endeavoured to demonstrate thought leadership so as to help our clients negotiate a path through the extensive waves of new regulation.

We keep up to date on all legal and regulatory developments in the asset management industry through our key relationships with industry bodies in Ireland, the UK, and Europe and on a global scale. We believe that our extensive involvement in shaping industry positions gives us an advantage in this regard.

Precedents We have developed and maintain a full suite of precedent documentation. These documents are fully supported and maintained by our Precedents Committee to ensure that they capture any industry or Central Bank developments or particular derogations/ exceptions obtained by Maples on specific projects.

Highly knowledgeable, The investment proactive and and hedge funds above all pragmatic powerhouse

Industry Committees Our team is active on all major industry groups in Ireland, providing input and insight in discussions with regulators, Revenue groups and other industry groups. In the tax sector, where there has been substantial changes over recent years, we were at the forefront of developments, drafting legislation, and providing position papers for submission to Government.

Key trends analysis Our significant market share (not just in Ireland, but globally) provides us with an unrivalled understanding of the Irish real estate and taxation market, from which we track trends and advise clients accordingly. For example, we have for the last five years compiled and processed the vast market data at our disposal to produce detailed annual key trends reports covering a full spectrum of valuable information in respect of Irish funds, from the most popular types of investment strategies or investor target markets, to notable trends in fee structures and legal structures. This enables us to track trends in the market and base our advice on solid statistics.

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