Part 3
Transaction execution across purchase, landowner joint venture and State concession routes, capital administration, the build out of the platform and its standing governance.
Scope defined. Commercials to be agreed before Part 2 completes.
23 service lines across 4 sections
Executive Summary
Part 3 is the build. Each opportunity introduced by the client is underwritten on the programme model, taken through Investment Committee, negotiated on the appropriate acquisition route, structured into its project vehicle and managed from exchange through to completion.
Capital administration runs alongside the transactions, covering drawdowns and consents, co-investment allocations, the execution of facilities for each project and the ongoing management of covenants, reporting and hedging across the loan book.
The platform itself is created over the same period through the brand launch, the appointment of sales and marketing partners, the buyer journey and stewardship model, reservations and pre sales on the first building, the founding team build out and pre construction control, all conducted under board, investor and Government reporting governance with an annual strategy refresh.
Scope of Services
3A
6 lines
Underwriting of each opportunity introduced by the client on the programme model.
Underwriting per dealPreparation of Investment Committee papers with recommendation.
Committee papersNegotiation of acquisition terms across purchase, landowner joint venture and State concession routes.
Commercial termsStructuring of each project vehicle and its funding from the PropCo programme, co-investment and debt.
Vehicle structuringManagement of diligence across technical, legal, tax and insurance workstreams.
DiligenceManagement from exchange through to completion on each transaction.
Completion3B
4 lines
Administration of drawdowns with notices and consents.
DrawdownsAdministration of co-investment allocations.
AllocationsExecution of debt facilities for each project.
Facilities per projectOngoing covenant, reporting and hedging management across the loan book.
Loan book management3C
8 lines
Oversight of the agency programme through to brand launch against the Part 1 strategy.
Brand launchAppointment of sales and marketing partners for each building.
Sales partnersEstablishment of the buyer journey and after sale stewardship model defined in Part 1.
Stewardship modelStructuring of reservations and pre sales for the first building including deposit handling.
Pre sales structureOversight of the founding hires and the build out of the platform team.
Team buildAgreement of pre construction budgets with critical path oversight into each start on site.
Pre construction controlMaintenance of certification evidence packs per building.
Evidence packsCompliance reporting under any green financing framework.
Compliance reporting3D
5 lines
Preparation of board papers to the agreed calendar.
Board papersInvestor reporting under the PropCo terms.
Investor reportingMaintenance of the Government relationship on the capital side, including updates to the evidence pack.
Government relationshipPreparation of successor tranches or vehicles when the track record supports them.
Successor capitalFacilitation of the annual strategy refresh.
Strategy refresh