Deal structures taken apart: joint ventures, sale-leasebacks, mezzanine, acquisition finance, land purchases, management companies. The idea, the parties, the numbers, the risks and the lessons. Deals from our practice and public market deals.
An international bank sold its London office tower for about £1.1bn and stayed as a tenant for 20 years. The buyer failed to refinance its bridge loan, and eighteen months later the bank took the building back at a discount of about 25%.
A Dubai government developer and a leading listed developer formed a JV to develop over 1,000 hectares in Dubai. How a land-plus-development partnership works and what a landowner can take from it.
The bank lends up to 50–60% of value, the buyer has 20–25%. Mezzanine fills the gap: dearer than the bank, cheaper than an equity partner. How the layer works, who provides it and where the risks are.
How the purchase of a class B business centre of about 40,000 m² was financed: a bank loan and mezzanine from two different lenders.
A Russian holding put its hotels under its own management company and then bought a ten-hotel portfolio with about 4,000 rooms from a foreign owner. Why an owner sets up its own operator and what it changes in the asset's value.
About 1,000 m² of premium flexible offices in a Dubai technology free zone. We developed the concept, raised the financing, managed construction and leasing, after which the project passed to a strategic investor.
A plot of about 5 hectares on a canal bank: the land acquisition and a joint venture to build a 180,000 m² business-class scheme. How a land purchase is structured and where the risks are.
The owner of a class B office building of about 5,000 m² sold it to a leasing company and stayed on as a tenant.
Materials on this topic will appear here soon.