creators of the summit - Global Real Estate Institute

CORPORATE PARTNER
As the real estate market becomes more complex, real estate developers, investors
and major corporate and public sector occupiers are challenging the way real estate
is priced, financed and transacted. In developed markets, competition for investment
opportunities has increased dramatically. In Europe, large, well financed investment
vehicles have entered the market demanding improved performances and increased
flexibility. In a quest to drive greater investment returns the range of prospective
investments has developed beyond traditional real estate portfolios well established
markets to riskier asset classes such as infrastructure in emerging nations from
Eastern Europe to India.
Dean Hodcroft
Dean Hodcroft
Partner
UK & Northern Europe,
Middle East, India, Africa
Head of Real Estate,
Hospitality & Construction (RHC)
Ernst & Young LLP
1 More London Place
London SE1 2AF
Tel: + 44 (0)20 7951 4870
Mobile : + 44 (0) 7747 790126
E-mail: dhodcroft@uk.ey.com
We have significant practical experience of advising real estate funds and their managers
on all aspects of structuring, implementing, operating and winding up of funds.
On acquisitions we guide investors through the maze of possibilities providing practical
solutions based on a thorough understanding of the market and clear analysis of
the options available, and efficient execution of transactions including providing due
diligence services. By working as an integrated team drawing together professionals
from real estate finance, tax, audit/assurance functions and dedicated real estate
consultants we ensure that the implications of each choice are carefully considered
and that innovative solutions are implemented to generate real value.
For owners and occupiers of real estate we act as a lead advisor identifying the
options to monetise assets and/or solve a number of excess capacity and expensive
real estate issues by way of a cleverly structured portfolio transaction. Again using an
integrated team we can develop the optimal solution from a business, commercial,
tax and accounting perspective and execute a very effective transaction. We lead the
market in this area having conducted valuable transactions with Abbey National, RBS,
Rank, Capio and The Big Food Group among others.
In all instances we advise clients right through the transaction process, from initial
structuring to the negotiation of the legal documentation and final closure.
Our European Real Estate Group is part of our Global Real Estate, Hospitality and
Construction Group, which operates as one team to respond to our clients’ issues.
The group is now positioned as the leading advisor in Europe and acts as trusted
business advisors to some of the industry’s best-known names on issues as diverse
as strategic direction, transaction execution and operational effectiveness.
Ernst & Young produces insights for the industry based on in-depth knowledge and
expertise. Visit our web site at www.ey.com to download recent papers targeting the
European market and to find out about our programmes, which include:
• Quarterly Property Club Events
• Global Real Estate Newsline
• European Real Estate Tax Newsletter
• Insider’s Report
• Real Estate – The Local Global Economy
• International Tax Treatment of REITS
• REIT Structures and Their Legal Status
• UK REITS – The Road Ahead
• The Option to Tax – Fighting Consultation Fatigue
• Opportunistic Investing – Real Estate Private Equity Funds
• Fundamental Changes to the Capital Allowances Regime
• International Financial Reporting Standards – The Business Impact on the Property Industry