Industry Archives: Real Estate


Seeking Equity Investor for Hotel and Office Complex in Prague

This Development is located on the riverbank in central Prague. The land is part of Smichov, which is widely recognised as the 2nd centre of Prague. The area contains the Andel Retail complex as well as commercial and entertainment areas. The Andel shopping complex is seen as Prague’s premier shopping mall and is located just a 5 minute walk away from the site. Transport links are very close by with Smichov railway station and Smichov and Andel metro stations within short walking distance.

The area is rapidly growing with office accommodation built by Skanska reaching full occupancy prior to completion and a new Schmicov City planned to start late 2015 bringing employment, accommodation and more retail into the area.

The land has been on purchase option whilst they secured change of use, planning and zoning to develop a large luxury 360 bed conference hotel. Intercontinental Hotels had agreed terms for a 20 year operating lease. Vinci, one of the largest construction companies in the world had committed to purchase the construction work for the hotel taking on all risk to deliver a turnkey solution to a set construction deadline.

Changes in the market have seen the hotel market move away from large hotel real estate instead preferring smaller hotels. Intercontinental are still committed to the site but on a smaller hotel footprint. My clients have embraced this and are now looking to change the planning to a 50/50 split hotel and office or hotel and residential development offering marina facilities to the owners.

My clients have already contributed more than €1m+ and a significant commitment in time to gain planning consents and source contractors to fund the site and developers to purchase the site. and clients for the site. The want to purchase the land outright with an equity partner to realise the planning gain.

Project Details
CBRE have recently valued the hotel project sale at €54m with a profit of €19m. Vinci are still interested in purchasing construction contract which would fund the development for circa 5% pa. The demand for such a large hotel may not be readily available and therefore one of the following options is preferred.

Further Options
Hotel and Office
As a large hotel is already consented it will take less time to gain planning for a smaller hotel of 160-180 bedrooms and a small office block. Intercontinental Hotel Group are still interested in purchasing a smaller hotel on this site. CBRE have estimated the sale price for this would be €45m with a profit of €18m.

Hotel and Residential
This option needs full building consent which would take approx. 12 months to gain the necessary permissions before any sales can be effected. The sales value and profit do reflect this with sales value at €50m and a profit projection of €30m.

Investment Requirements
An equity investor will need to contribute €1m initially to secure their stake which will be held in an Escrow account and detail the investment agreement. At the point of sale the remaining €8m will be required to purchase the land outright.

Exit Options
Once the land is purchased the land can be held in the investment agreement and the developers brought in to build out the development at the pre-agreed finance rates with the contractor. This will maximise the profit potential.

Alternatively the land can be sold to a developer with the planning consents for a €18-19m. This gives the quickest return for an investor.

Much more detail is available to serious investors who have the equity available immediately.
Deal Contact:
Finance for Property Developers Limited
Sue Jonas
[email protected]

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Peer-to-peer platform for real estate in the UK

Investment Summary
P2P platform for real estate. Established world class team. Scaleability and rich functionality. Established and extensive real estate contact database. Huge market opportunity. Strategic Investor required. c.$300k, Angel/VC/PE. Full Investor deck available on request [email protected]

Legal Form

Company was registered 11/14 and is a UK registered Limited Company.
Creative USP’s
• Social networking functionality
• Trading platform
• Scaleable multi-user interface
• FCA compliant processes
• Multi-risk portfolio
• Asset Securitisation
• Self-funding reserve for social housing development
• Global team
• Embedded research

Market Dynamics

• Massfinancial/Nesta forecast CAGR 160+% through 2020
• Central Government support for Altfin
• Platform globalisation
• 10bpt shift from traditional real estate development channels to P2P portals increases total available market by 40%
Target Groups
• High net worth (HNW)
• Institutional Capital
• Real Estate Development Corporations

Summary Financials
FY1 Rev 123k, EBITDA -92K
FY2 Rev 605k, EBITDA 175K
FY3 Rev 1240k, EBITDA 609K
FY4 Rev 1835k, EBITDA 1068K
FY5 Rev 2350k, EBITDA 1497K

• c.$300k through Angel/VC/PE/Strategic Industry Investor
• Negotiable equity stake
• Funding for full platform development and rollout in 4Q15


This mail is intended for professional investors. Validation of the investors identity will be required under FCA rules. Any potential investor may be required to complete an NDA (non-disclosure agreement).

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Google Capital Invests in Indian Online Real Estate Startup CommonFloor

Wall Street Journal
An investment arm of search giant Google is betting that India’s online real estate market is set to boom.
Google Capital is providing fresh funding to CommonFloor, the Bangalore-based startup said in a statement Thursday. The amount of the investment was not disclosed.
CommonFloor, which launched in 2007 and has more than 1,000 employees, allows users to list and search for residential properties. The company says it is the biggest homes portal in the country of 1.2 billion people, with more than 500,000 listings across over 200 cities.
“The online real estate market in India is poised for tremendous growth,” David Lawee, a partner at Google Capital, said in the statement. CommonFloor’s chief executive, Sumit Jain, said the funds would be used to beef up the company’s platform.
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Spacious Secures £500,000 Seed Round To Match London Startups To Office Space

Spacious, the London property tech startup founded by Entrepreneur First alumni Tushar Agarwal and Tom Watson, together with ex-advisor to the British Prime Minister Rohan Silva, has closed £500,000 in seed funding. The round was led by Spire Ventures, the VC fund set up by Faisal Butt and ex-Dragon James Caan, while Spacious says the additional capital — its first external fundraise, not including involvement in the Entrepreneur First programme — will be used to boost engineering talent and further build out its platform.

Attempting to help solve the shortage and sometimes spiralling cost of office space for young companies in London, Spacious connects startups and other small businesses with those who have space to rent out, such as professional landlords offering co-working spaces and serviced offices, as well as other burgeoning companies with spare space to share.

In some regards, it can be considered simply as a classic online marketplace play, matching high demand with untapped capacity, with the least friction possible. However, it’s the company’s emphasis on understanding the specific needs of startups that makes it stand out from other property marketplaces.
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Biomedical Development Zone – Project Development

Bio Istanbul is a biomedical development project over an area of 200 hectares (2,000,000 sqm) near Istanbul International Airport–‐ in partnership with the Turkish Government and a group of leading development executives.

This ecologically responsible community will consist of a world-class pediatric research hospital; biomedical research center and innovation campus; university; all through K-12 school; performing arts center; retail zone with restaurants, cafes, and shopping; commercial office space; and a low-density residential area with 6,000 units that have views of the naturally landscaped terrain.

In 2011, one of the largest US investment banks and a group of minority holders have invested through a convertible instrument of $207mn that has been used to invest in completing the land purchase, setting up the sale unit and kick off the planning and construction work.

Sales are on target with $25mn since mid-2013. Construction work will be awarded in Q2, 2014 for phase 1 for first delivery in Q3, 2015. Total sales will be in excess of $2.2bn for a total infrastructure and construction cost of $1.4bn.

The Company has top caliber management with Ivy League education and a cumulative 150-year expertise in construction, finance and the healthcare industries in US, Europe and the GCC.

Management has decided to buy back the outstanding convertible notes, and invite interested parties to subscribe to a capital increase through a preferred share instrument that will help financing the buy back and complete the phase 1 of the development.

The Offering is $150mn Preferred Shares at 5% yield for a period of 4 – 5 years.

Assumed value at exit is $400mn. Unlevered IRR is 25%. Subscribers will have 3 out of 7 board seats and will own 50% of the Company. Of the Project, the Company will own 55% while the Turkish government will own 45%.

Further details may be provided subject to signing an NDA.

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Warehouse firm Yupei attracts investment from RRJ, Temasek’s SeaTown

April 11 (Reuters) – Shanghai Yupei Group said private equity firm RRJ Capital and SeaTown, a unit of Singapore state investor Temasek Holdings, have agreed to invest $250 million in the Chinese logistics company. The capital raising plus the $200 million it raised last year from U.S. private equity firms The Carlyle Group and The Townsend Group, completes Yupei’s equity financing needs for the foreseeable future, the company said in a statement late on Thursday.

Yupei, one of the largest privately owned logistics warehouse companies in China, plans to speed up its 2017 plans to own and operate a nationwide network with more than 3.4 million square metres (37 million square feet) of net leasable area, it said.

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Gecina sells Beaugrenelle shopping mall in Paris for 700 mln euros

PARIS, Feb 20 (Reuters) – French property group Gecina has reached a preliminary deal to sell the Beaugrenelle shopping mall in Paris for 700 million euros ($960 million) to a group of private investors Continue Reading →

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Blackstone, Ivanhoe take 22.98 pct of France’s Gecina

PARIS, Jan 31 (Reuters) – U.S. investment firm Blackstone and Canadian property manager Ivanhoe Cambridge said on Friday they held 22.98 percent of French real-estate investment firm Gecina following a ruling by a Luxembourg court. Continue Reading →

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Canadian pension fund to invest $200 mln in JV with India’s Shapoorji

MUMBAI, Nov 28 (Reuters) – Canada Pension Plan Investment Board (CPPIB) will invest $200 million to get an 80 percent stake in a real estate joint venture with India’s Shapoorji Pallonji Group, its first foray into the property market in Asia’s third-largest economy. Continue Reading →

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Moscow Plans to Sell 39 Cinemas for Redevelopment

The Moscow Times
City Hall plans to sell 39 cinemas, some of which are currently shut, to investors who will be tasked with transforming them into attractive entertainment hubs Continue Reading →

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