Real Estate
The Firm is recognised for its work in the real estate sector.
Its professionals are able to successfully execute structured real
estate deals and transactions due to their knowledge of the banking
industry, structured finance and environmental law.
The Firm represents developers, private equity funds, corporations
as well as state-owned entities in the acquisition, development and
disposition of commercial and residential properties, offices and
industrial premises across the country.
In addition to the acquisition and sale of real property, GHDP assists
clients in evaluating and negotiating transactions involving the
purchase or sale of multi-asset portfolios.
The real estate group expertise extends to related financing matters as well,
including the drafting of mortgage loans and complex security packages.
The Firm regularly provides assistance to companies on joint private-public
projects to develop or requalifying multi-asset portfolios or dismissed industrial sites.
GHDP also represents clients with reference to agreements with subcontractors
and setting up of consortia and other partnerships for major construction projects.
GHDP professionals successfully execute structured real estate financing
deals and transactions, concerning, inter alia, securitization, project financing
and setting up of closed-end real estate mutual investment funds.
GHDP is experienced in dealing with environmental regulation matters that present
pervasive issues in real estate transactions, including legislative and regulatory
developments as well.
As an highlight on some of the typical real estate transactions the Firm
has been dealing with, reference can be made to the following:
- Spin off of enterprises represented by real estate assets and equity
shareholders held in JVs for the development of real estate properties;
- Joint ventures, by means of incorporation of a NewCo, for the development
and requalifying processes of significant real estate portfolios;
- Assistance with the drafting and negotiation of multi-asset portfolios
sale and purchase agreements;
- Drafting and negotiation of asset, project and agency management agreements;
- Sale of stake interests held in companies entitled to manage
and develop real estate assets;
- Assistance on several financial leasing and acquisition finance
issues, in particular concerning the management of debt for newly acquired companies;
- Assistance to major real estate asset managers in the setting up of
international joint ventures aiming at the development of material real estate
investment/asset management activities;
- Assistance in the drafting and negotiation of facility agreements
secured by mortgages over real estate properties and of collateral security packages;
- Assistance in public auction-like processes aiming at the selection of
co-investment private sponsors to develop public assets;
- Assistance to management companies as well as private or public
contributors in the structuring and execution of closed-end real estate mutual investment funds.
Moreover, the Firm has developed an extensive experience in the assistance
to State-owned companies in the process of dismissal of their real estate assets
or to property management companies in the process of acquisition and development
and sale of such assets. In particular, the Firm has participated, among the others,
in the following transactions: repositioning, valorization, reconverting, brokering,
sale, leasing agreements and regulations, advising on the applicable laws and
regulations, management of the assets, various services related to facility management.