Real Estate, Hospitality & Construction
Real Estate, Hospitality & Construction Transaction Advisory services
Real estate is playing a material part in the recovery of the UK economy, with both local and foreign investors eager to acquire UK real estate.
To date, the recovery has largely centred on London and the South East, with investors and lenders competing to secure limited stock. Not surprisingly, values in the capital have surged because of the limited supply, fierce competition and increasing availability of attractively priced debt.
As a result, investors and lenders seeking more attractive returns are increasingly targeting opportunities outside London, or those more secondary or operational in nature.
Whilst activity in these markets remains relatively subdued, this is beginning to change as returns on prime investments are driven even lower, and debt funds, which have been accumulating portfolios over the last three to five years, step up levels of divestment activity.
Within this context, corporates operating in the UK find themselves under ever-increasing pressure to maximise return on capital, and ensure their real estate holdings are fit for purpose and align with their strategic objectives. In so doing, they are helping further drive investment activity by either letting or vacating space, acquiring assets or divesting.
Our deep sector knowledge, extensive contact base, broad experience and vast resources, make EY perfectly positioned to support our diverse network of clients with all aspects of their real estate transactions, whether as corporate finance adviser providing lead M&A or capital raising services, or by providing Restructuring, Valuation or Transaction Support services.
Find out more about the services we offer:
- Real Estate Corporate Finance
Our Corporate Finance team is made up of investment bankers, surveyors, financial modellers, commercial bankers and accountants. Their knowledge and experience make us robust advisors, and we excel by innovating and collaborating with our clients.
We help on a range of issues, including:
- Joint venture structuring
- M&A lead advisory
- Real estate restructuring
- Loan portfolio advisory
- Capital raising
- Debt Advisory.
Find out more about our service offering.
Head of Real Estate Corporate Finance
+44 (0)20 7951 7151
- Transaction Support
In the current market, where transactions can be difficult to find, finance and close, our sector knowledge and network of investors have given us a reputation for delivering results in sometimes new and testing circumstances.
Our real estate transactions services help companies along the transaction life cycle’s three stages: acquire, hold and exit.
Acquire: real estate property / portfolio due diligence
We support acquisitions by executing real estate due diligence, which helps you determine acquisition price, timing, liabilities and other key issues.
Hold: real estate value creation
We help you determine how to create value within a real estate portfolio and then help execute that plan. This often begins with a diagnostic assessment aimed at identifying opportunities.
Exit: sell-side assistance
We help prepare real estate for either a sale in whole, or to carve out an entity for sale. We often perform a diagnostic assessment as a first step, to help decide preparatory action.
Real Estate and Construction
+44 (0)20 7951 6478
+44 (0)20 7951 3034
- Real Estate Valuations
We value real estate assets held as investments, for owner occupation, as going concerns (eg, hotels, pubs, casinos, nursing homes, student accommodation, private schools and hospitals), including Investment Properties Under Construction (IPUC) for both residential and commercial development opportunities, and long leasehold interests.
Our teams are experienced in using internationally recognised valuation software, including Argus ‘Capitalisation’, ‘DCF’, ‘Developer’ and ‘Enterprise’ (formerly ‘Dyna’), as well as building bespoke valuation models in Excel.
Valuation Advisory Services
+44 (0)20 7951 6793
- Loan Portfolio Solutions
The financial crisis has put ‘deleveraging’ at the centre of many financial institutions’ agendas. Transactions emerging from this are often complex and significant in value, and require deep financial expertise to deliver value for both vendors and purchasers.
Our Loan Portfolio Solutions team provide solutions in these transactions. The team includes individuals with expertise across multiple asset classes grouped into three categories: real estate, retail and corporate; and an in-depth understanding of complex financial instruments and deal structures.
+44 (0)20 7951 5206
- Loan portfolio solutions 7.4Mb, October 2013
- Loan portfolio transaction markets: UK & Ireland update 1Mb, June 2014
Recovery has arrived, with UK construction growing for eight consecutive quarters. However, contractors, small- and medium-sized enterprises and civil engineers all report increasing cost pressures squeezing margins.
Based on a forward looking survey of executives across Europe who invest in real estate assets, our second annual European Real Estate Assets Investment Trend Indicator summarises investors’ outlook on transactions and market attractiveness, together with insights into what drives these views.
The Global Capital Confidence Barometer gauges corporate confidence in the economic outlook, and identifies boardroom trends and practices in the way companies manage their Capital Agenda – EY’s framework for strategic capital management.
Head of Real Estate,
Hospitality and Construction
(RHC), and RHC Tax Leader,
+44 (0)20 7951 5947
Head of RHC Assurance,
+44 (0)20 7951 1894
Head of RHC Transaction
+44 (0)20 7951 7151
Head of RHC Advisory,
+44 (0)20 7951 3279
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