HOW CAN YOU CAPITALISE ON REAL ESTATE OPPORTUNITIES OVERSEAS PANEL Chris Monk (King Sturge) Doug May (Colliers) Lawrence McCabe (Ganley Walters) Peter Singleton (Edward Rushton)
HOW CAN YOU CAPITALISE ON REAL ESTATE OPPORTUNITIES OVERSEAS Issues your clients need to be aware of a) Real Estate Customs Ethics Retained brokers/agents Procedures
HOW CAN YOU CAPITALISE ON REAL ESTATE OPPORTUNITIES OVERSEAS Issues your clients need to be aware of b) Real Estate Laws (UK/France) Lease Renewal Rent Reviews Contracts
HOW CAN YOU CAPITALISE ON REAL ESTATE OPPORTUNITIES OVERSEAS Issues to be aware of c) Commission Issues (UK/France) Who is responsible for payment What are the levels
HOW CAN YOU CAPITALISE ON REAL ESTATE OPPORTUNITIES OVERSEAS Using your SIOR contacts Networking Local knowledge Local skills
HOW CAN YOU CAPITALISE ON REAL ESTATE OPPORTUNITIES OVERSEAS Developing relationships with your client on International Real Estate Client knowledge Local knowledge Teaming
HOW CAN YOU CAPITALISE ON REAL ESTATE OPPORTUNITIES OVERSEAS Case Study 1 Company A (US Corporate) Acquisitions and disposals in UK Corporate acquisitions advice Advisors across the United States
HOW CAN YOU CAPITALISE ON REAL ESTATE OPPORTUNITIES OVERSEAS Case Study 1 (Continued) Company A (US Corporate) Planning Building services Rating
HOW CAN YOU CAPITALISE ON REAL ESTATE OPPORTUNITIES OVERSEAS Case Study 2 Company B (US Corporate) Review of 250,000ft² office and manufacturing plant in New Jersey Advising on new European HQ Business Rates review in UK
HOW CAN YOU CAPITALISE ON REAL ESTATE OPPORTUNITIES OVERSEAS Case Study 2 (Continued) Company B (US Corporate) Landlord & Tenant Advice Valuation & Agency Building & Planning
HOW CAN YOU CAPITALISE ON REAL ESTATE OPPORTUNITIES OVERSEAS Case Study 3 Company C (UK Corporate) 2 major office disposals on west coast of USA Office acquisition in Boston and Texas Disposal in France Valuations in Germany
HOW CAN YOU CAPITALISE ON REAL ESTATE OPPORTUNITIES OVERSEAS Case Study 3 (Continued) Company C (UK Corporate) Various work in UK including: - Transactional work - L&T - Rating - Building surveyors
HOW CAN YOU CAPITALISE ON REAL ESTATE OPPORTUNITIES OVERSEAS Case Study 3 (Continued) Company C (UK Corporate) Plant and Machinery valuations Production of a terrier of their global portfolio
Case Study 4 HOW CAN YOU CAPITALISE ON REAL ESTATE OPPORTUNITIES OVERSEAS Tour Framatome – la Défense
OpenText was located in 3 offices throughout Paris 1 lease was expiring w/option to renew 2 leases were month to month Consolidation and expansion was urgently required A relatively modest budget was set HOW CAN YOU CAPITALISE ON REAL ESTATE OPPORTUNITIES OVERSEAS The Situation
Key Issues Commission –Confusion –Competition Detailed financial analysis Cultural/language differences Credibility HOW CAN YOU CAPITALISE ON REAL ESTATE OPPORTUNITIES OVERSEAS
Result NPV of structured deal 22% below market Excellent flexibility and exit strategies in “Landlord’s market” OpenText acquired AAA space on B+ budget HOW CAN YOU CAPITALISE ON REAL ESTATE OPPORTUNITIES OVERSEAS
Result (Continued) Colliers preserved and strengthened global client relationship HOW CAN YOU CAPITALISE ON REAL ESTATE OPPORTUNITIES OVERSEAS