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As a leading provider of professional services to property developers, PricewaterhouseCoopers has a multi-disciplinary team, which is dedicated to the real estate industry. Our team assists clients in advising on the commercial viability of development projects, in carrying out thorough legal due diligence reviews with our correspondent law firm, Landwell Solicitors, financial and taxation due diligence reviews and in developing an in-depth understanding of the relevant tax structures, in order to facilitate the maximum possible after tax return. Our specialists also leverage their knowledge and experience of the different legal and taxation regimes in the various jurisdictions, to assist our clients in deriving maximum value from their investments.
How we can help you
We provide the following real estate service offerings:
- Advising on real estate strategy
We assist clients to maximise the value and potential of their property estate and development opportunities by providing the following services:
- Reviewing overall estate to establish options for extracting value, including sales, acquisitions or joint venture opportunities, in conjunction with feasibility studies below.
- Advice in relation to tax efficient extraction of value from property assets.
- Advice in relation to price negotiation.
- Assisting in developing the optimum investment strategy for any new developments.
- Assist in raising equity investment for new developments.
- Assisting in executing any sales or acquisitions opportunities.
- Debt structuring advice
We assist clients in developing the best financial structure for their transactions, including:
- Developing the optimum financial structure to maximise returns.
- Building a sophisticated financial model to assist in assessing the economic potential of the transaction.
- Assist in accessing the best debt terms available in the debt capital markets.
- Negotiating and closing the debt financing package.
- Feasibility studies
We assist clients by providing the following services:
- Profiling the tourist activity in the respective area/region.
- Carrying out a demand, supply and competitive analysis.
- Carrying out extensive consultations, including existing hotel operators in the area, regional tourist authority, local planners etc.
- Identifying the appropriate facilities and amenities that are required to meet market demand.
- Reviewing development plans to ensure that they comply with all of the necessary legal and regulatory obligations.
- Estimating operating income and expenditure costs for the proposed development.
- Reviewing the capital cost of projects.
- Operator search
We assist clients by providing the following services:
- Identifying, short-listing and meeting with potential hotel operators.
- Negotiating Head of Terms with the preferred operator.
- Reviewing, with the help of our legal team, the terms set out in the contract/agreement.
- Tax advice
We assist clients by providing the following services:
- Advising on maximising investor after-tax returns by seeking to manage any Irish and foreign tax from property investments.
- Advising on minimising acquisition tax costs.
- Advising on tax based finance and other possible sources of finance.
- Assistance in minimising exposure in terms of standard tax warranties and indemnities sought in the market place.
- Assisting in preparing the tax elements of the Investor Information Memorandum.
- Advising in relation to the Stamp Duty, Relevant Contract Tax and VAT aspects of a project.
- Foreign property advice
We assist clients by providing advice in relation to the following:
- Minimising the tax costs associated with buying real estate abroad.
- Establishing a tax efficient structure to assist in limiting the local taxation costs and issues arising on the acquisition, ongoing activities and on exit.
- Facilitating a tax efficient extraction of dividends and capital gains.
- Maximising the tax deductibility of interest payments on borrowings and on management service fees.
- Assisting in managing Irish taxes on ultimate exit.
- Advising whether the foreign investment should be held personally or structured through a corporate entity.
- Legal advice
We assist clients by providing the following services:
- Advising on the legal structure, design, negotiation, banking and implementation of proposed investments.
- Advising on the legal aspect of the acquisition, development and disposal of residential, commercial and industrial property, both national and international.
- Carrying out financial, legal and tax due diligence.
- Review of the target asset, including vendor due diligence.
- Advising construction companies and building contractors in relation to residential and commercial developments.
- Advising on the legal aspects of joint venture arrangements and co-ownership arrangements.
- Advising on all aspects of landlord and tenant law.
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