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Commercial real estate advisory and transaction support

Complex transactions, prepared properly and run to completion.

substnz Consultancy works with investors, asset managers, developers and family offices on the commercial, financial and execution side of real estate financing and transaction processes, in the UK and across Europe.

Analysis and structuring

The numbers and the structure options behind the decision.

Preparation

Materials, information and data rooms that stand up to scrutiny.

Process and execution

Coordination of the professional team through to completion.

Single assets and portfolios, UK and Europe

Services

Three groups of work, usually taken together.

We work alongside clients, lenders, lawyers, tax advisers and valuers, and we are engaged on a defined scope for a defined fee.

Analysis and structuring

  • Financial modelling Asset and portfolio level models, cash flow, covenant and sensitivity analysis.
  • Capital structure analysis Structure options, term comparison and the commercial positions worth holding.
  • Commercial structuring support Translating a business plan into a structure that a lender or counterparty can underwrite.

Preparation of materials

  • Investment memoranda Built from the model, not around it.
  • Lender and bank presentations Information packs prepared for the audience that will scrutinise them.
  • Data room preparation Structure, population and version control from day one of the process.

Process and execution

  • Process management Timetables, workstream tracking and a single point of coordination.
  • Lender and stakeholder coordination Managing counsel, valuers, tax advisers and counterparties through the process.
  • Due diligence support Q&A coordination and issue tracking across parties.
  • Execution support Documentation support, condition precedent tracking and closing coordination.

Situations

Where we are usually brought in.

Single assets or portfolios, in the UK and across European jurisdictions.

Acquisition financing

Preparing the case, testing structures and running the lender process alongside the acquisition timetable.

Refinancing

Maturity planning, options analysis, and the materials and process work needed to get to terms.

Development financing

Cost and drawdown modelling, structure work and coordination across the professional team.

Portfolio financing

Multi-asset and cross-collateralised structures, allocation analysis and consolidated reporting packs.

Disposals

Data room preparation, buyer-side Q&A coordination and process management through to exchange.

M&A and corporate transactions

Analysis and execution support where real estate sits inside a corporate or platform transaction.

Infrastructure and real assets, UK and Europe

How we work

Four phases, one team, from first look to completion.

Scope and fee agreed in writing before we start. We stay on the mandate until it closes.

Scope

The objective, the constraints and the timetable, agreed and written down.

Analyse

The model, the structure options and the commercial analysis behind the decision.

Prepare

Materials and data room, ready for the parties who will scrutinise them.

Run and close

Process management, coordination of the professional team, support through completion.

Our role

Clear about what we do, and what we do not.

substnz Consultancy provides non-regulated commercial advisory and transaction support services. Where regulated services are required, they are provided separately by appropriately authorised entities.

What we do

  • Commercial and financial analysis
  • Financial modelling and structuring support
  • Preparation of financing and transaction materials
  • Process, lender and stakeholder coordination
  • Due diligence, data room and execution support

What we do not do

  • Regulated investment services or investment advice
  • Placement or capital raising services
  • Brokerage or financial intermediation
  • Arranging or broking credit
  • Any activity requiring authorisation we do not hold

Team

Senior-led, and small on purpose.

Decades of real estate transaction experience, from both the lender and the borrower side.

Andreas Arend

Andreas Arend

Partner

A career spanning complex real estate transactions across multiple jurisdictions, from underwriting and executing loans to managing assets from both the lender and the borrower perspective. Andreas leads client mandates and stays on them through to completion.

Hubertus Bäumer

Hubertus Bäumer

Advisor

Over 20 years in real estate and infrastructure across European markets, with deep experience in structuring and institutional capital.

Florian Linz

Florian Linz

Advisor

Operations and transaction infrastructure, with experience running regulated and cross-border processes across European jurisdictions.

Contact

Tell us about the transaction.

Whether you are testing a structure, preparing for a lender process, or need capacity on a live deal, start with a conversation.

[email protected]

United Kingdom