Real Estate

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"Guide to Global Real Estate Investment Trusts 2010" available now

guide to global estate investmentThis book is a practical guide featuring the legal and tax framework for REITs 
in 19 selected countries including Belgium and a "must have" for REITs 
going global. It is edited by Wolters Kluwer Law & Business and co-authored 
by real estate specialists from the PricewaterhouseCoopers network.

 

Order the book

 

The real estate market has many faces and is changing continuously. Professional real estate investors (real estate funds) have globalized geographically and many have diversified their investments from classical real estate assets such as offices and retail to also include alternative real estate investments, such as elderly / nursing homes and infrastructure producing long-term indexed fixed income streams. Non professional real estate investors such as industrial groups and state bodies see their real estate more and more often as an alternative to finance their core activities and to optimize their cash-flow through sale and lease backs and public private partnerships (PPP). Environmental regulations and the trend of increasing fuel prices have put sustainable development and energy efficiency of buildings higher on the agenda. In this complex and changing environment, professional tax and financial advice from professionals acquainted with the real estate industry’s challenges is key.  

Challenges

  • Create value in a changing real estate environment
  • Know your real estate assets’ health
  • Streamline your real estate activities
  • Secure continued access to funding
  • Unlock value from your real estate
  • Manage risks and controls
  • Minimize tax leakage and cash traps
  • Secure your tax assets
  • Optimize transfer tax costs on your real estate deals
  • Secure continued compliancy with changing tax, legal and regulatory environment

PwC Solutions

PricewaterhouseCoopers Real Estate services are geared to assisting clients in plotting a smooth course through their real estate business. To optimise and support your real estate activities / investments, PricewaterhouseCoopers combines business consultancy expertise with real estate industry knowledge through an international network active in 150 countries. Using multi-disciplinary teams (Tax, Assurance, Advisory and Compliance), we bring together all the relevant expertise and develop Real Estate solutions from idea through implementation.

We offer a wide range of real estate services around the following axes:

Real Estate Deal Support Services:

  • Deal origination and intermediation
  • Financial modelling
  • Acquisition due diligence (tax and financial)
  • Vendor due diligence (tax and financial)
  • Vendor assistance (tax and financial)
  • Acquisition process bid support
  • Acquisition and finance structuring (especially cross-border)
  • Audit of financial statements
  • Price calculation support
  • Transaction valuation
  • Business plan development
  • Securitization and bid models
  • Sale-and lease backs
  • Transfer tax planning
  • Deal negotiation assistance
  • Tax rulings
  • Corporate law aspects
  • Environmental aspects and town & country planning

For more information on how we can help you, contact one of the following persons:

Main contacts:      

Laurens Narraina
Lead Real Estate Partner
+32 2 710 7431
laurens.narraina@pwc.be

Maarten Tas
Tax Director
+32 2 710 7402
maarten.tas@pwc.be

Corporate tax

Grégory Jurion
Corporate Tax Senior Manager
+32 2 710 9355
gregory.jurion@pwc.be

Evelyne Paquet
Corporate Tax Manager
+32 2 710 4354
evelyne.paquet@pwc.be

Transactions & Valuations                    

Ann Smolders
Transactions & Valuation Partner
+32 2 710 4173
ann.smolders@pwc.be

Philippe Fimmers
Transactions & Valuation Senior Manager
+32 2 710 9508
philippe.fimmers@pwc.be

Real Estate Structuring and Advisory Services:

  • Real Estate fund design and structuring (investment and investor perspective)
  • Financial and cash repatriation modelling
  • Real estate portfolio review / restructuring
  • Risk and cost controlling reviews
  • Optimization of property-related taxes
  • Cost cutting through VAT optimization
  • Optimization/securitization of tax assets
  • Tax health checks
  • Transfer pricing compliancy reviews
  • Estate, gift and inheritance tax planning
  • Tax regularization and dispute resolution assistance
  • Operations efficiency and sustainability

For more information on how we can help you, contact one of the following persons:

Main contacts:             

Laurens Narraina
Lead Real Estate Partner
+32 2 710 7431
laurens.narraina@pwc.be

Maarten Tas
Tax Director
+32 2 710 7402
maarten.tas@pwc.be

Corporate tax:

Grégory Jurion
Corporate Tax Senior Manager
+32 2 710 9355
gregory.jurion@pwc.be

Evelyne Paquet
Corporate Tax Manager
+32 2 710 4354
evelyne.paquet@pwc.be

VAT:

Wouter Villette
VAT partner
+32 2 710 7302
Wouter.villette@pwc.be

Manuel Van Der Veken
VAT Senior Manager
+32 2 710 4404
Manuel.vanderveken@pwc.be

Lionel Wielemans
VAT Senior Manager
+32 2 710 4460             
Lionel.wielemans@pwc.be

Advisory:

Jan Desmaretz
Advisory Transactions Management Manager
+32 3 259 3390
jan.desmaretz@pwc.be

Real Estate Global Compliance Services:

  • Accounting and administration
  • Management and group reporting
  • Consolidation, financial modelling and budgeting
  • Statutory reporting
  • Company secretarial support
  • Other fiduciary services
  • Domiciliation services
  • Tax compliance planning and returns

For more information on how we can help you, contact one of the following persons:

Tonny Taeymans
Global Compliance Services Director
+32 2 710 7112
tonny.taeymans@pwc.be

Joeri Aertssen
Global Compliance Services Director
+32 2 710 4745
joeri.aertssen@pwc.be

Real Estate Assurance Services:

  • Statutory audits
  • Audits of (intermediary) financial statements
  • IFRS conversion and analysis projects
  • Special reporting on contributions and business reorganizations

For more information on how we can help you, contact one of the following persons:

Didier Matriche
Audit Director
+32 4 220 6252
didier.matriche@pwc.be

Kim Torbeyns
Audit Senior Manager
+32 2 710 9616
kim.torbeyns@pwc.be

References

Our clients include Belgian and international Real Estate players varying from institutional and retail funds (managers), REITS, developers, to industrial groups and state bodies, acquiring (selling) and managing classical real estate assets such as offices and retail as well as non classical real estate assets such as elderly homes, infrastructure (PPP) and energy production assets.