Real Estate

PwC is devoted to the problems and developments of the real estate sector globally and in Romania in particular. We are the leading firm of auditors and advisors to the real estate companies, investment banks, investment funds, investment managers and other companies investing in real estate, developing and constructing real estate in Romania.

We established a real estate services team in our Bucharest office to respond to the needs of the market. We have been the principal advisor on the major real estate projects involving foreign and domestic capital. The projects included establishment of tax efficient holding structures, preparation of business plans, debt and equity finance raising, audit services and due diligence.

Our team makes the most of our regional business model. We go to great lengths to make sure our knowledge and capabilities are consistently shared across Central and Eastern Europe. This enables us to add a further dimension to the way we approach the market and deliver insightful solutions to our clients in an efficient manner.

Industry-specific services:

Real Estate Buy Side Deal Support

Deal origination
  • targets identification and analysis
Initial review
  • Identification of value drivers/sensitivity analysis
  • SWOT analysis (go/no-go)
  • Price indication
  • Initial structuring
Due Diligence (DD)
  • Coordination of DD process
  • Financial modelling/Business Plan
  • Commercial due diligence
  • Property valuation/Net asset value
Negotiations
  • Pricing/sensitivity analysis
  • Draft sale and purchase agreement
  • Negotiation strategy
Support on financing
  • Structuring of new debt issues and refinancing of existing obligations
  • Structure sale and lease backs
  • Project financing services for development and investment purposes
Closing the deal
  • Post deal services
  • Business plan/exist strategy

Real Estate Sell Side Deal Support

Feasibility Study

  • Define rationale for sale
  • Define Transaction’s scope/Marketable product
  • Price expectations/Indicative valuation

Arranging the Transaction

  • Target analysis
  • Long list, short list
  • Setting-up Information Memorandum, Confidentiality Agreement (CA)

Tender Process

Closure