When you work with us, you’ll be getting access to over 25 years of experience providing independent debt and hedging advice to the real estate sector. Our expertise is built on long-standing relationships with a range of real estate clients, including REITs, global fund managers, owner occupiers, family offices and specialist fund managers. Our approach is clear and straightforward because we have a complete understanding of the sector you operate in. Our cross-sector specialists operate from offices throughout the UK, US and Canada and you can trust us to act as a partner during complex transactions and decision-making processes, and to help free up the time of your business leaders. You can depend on our advice, and our ability to work with financial counterparties to deliver solutions that are tailored to your business goals.
Health and Care
Clients in the Healthcare sector greatly value our in-depth industry knowledge. As we have seen in recent years, your interests can be materially affected by the changing political climate. Accordingly, our strategies and solutions are designed to be adaptable to external factors, and aligned to your business goals, working with multiple counterparties to find you the financing your business needs.
We have developed considerable understanding of the particular financial issues faced by clients with assets in the hotel sector. We understand your exposures to demographic change and the impact of economic trends; the financial strategies we produce are designed to reduce or control your financial risk exposure. Our strategies and solutions reflect your business risk profile as operators of property assets with variable and sometimes volatile income. We can work with you to design and implement debt funding strategies that are flexible and cost-effective.
The logistics and distribution has become a mainstream institutional real estate sector in multiple geographies. As consumer behaviour continues to evolve, logistics and distribution approaches must adapt to succeed. Our experience can help you navigate these dynamics to find the right funding and hedging strategy for your business.
The office sector remains one of the cornerstones of the commercial real estate market. We understand how different geographies and tenancies impact funding decisions as well as how different asset management plans require a change in strategic thinking around your debt and hedging needs.
We have over 15 years' experience in the Registered Provider sector, advising on capital markets, debt, and treasury and cash management. Our team of experts has in-depth knowledge of local market conditions as well as the continually changing funding and treasury arena. We offer you a quality bespoke service, even after a mandated engagement is complete. Having bolstered our team through the acquisition of Canaccord Genuity’s social housing and bond advisory business, we are one of Europe’s largest teams advising the Social Housing sector.
We have considerable experience in working for groups involved in student accommodation, a sector that has recently evolved into an attractive institutional asset class. We understand your exposure to demographic change, the impact of economic trends and political shifts. With that knowledge, we are able to produce financial strategies to reduce or control your financial risk exposure. We can also help you raise debt to fund growth ambitions and improve your returns.
The nature of the property retail sector is changing. Landlords are increasingly required to be more active and engaged in their portfolios and adapt to the market. We can work with you to tailor debt and hedging solutions that fits into the wider strategy for your business.
We provide a range of hedging strategies and derivative solutions designed to reduce volatility and protect your profitability.
Market conditions and business ambitions vary, our tailored advice considers thisread more
We are experts in structuring and arranging debt solutions for our clients. We analyse your portfolio or individual assets, and advise on the best terms and conditions that can be achieved, taking into account varying market conditions.
We work closely with our private equity, corporate and public sector clients to design bespoke solutions, built on an individual assessment of risk exposure and business objectives. The application of structured hedging strategies often becomes a crucial part of any funding package, so our team of experts, based in the UK, devise customised strategies to determine the most timely and cost effective structure for you. We’re perfectly positioned to communicate your needs to the relevant markets, ensuring that you get the best possible results.
Often mandatory, but with the right advice you can make it work in your favourread more
Management of a transaction’s interest rate exposure is often a condition of sanction from providing banks who directly benefit from providing ancillary services. We evaluate your interest rate risk and create a hedging strategy that satisfies any particular lending requirement and meets your business objectives. Unlike the bank, our strategy advice is impartial. As an independent firm, we have no other motive than to deliver a strategy that is best aligned to your business goals.
Mitigate losses and risk associated with currency fluctuationsread more
Importers, exporters and investors with overseas assets are all exposed to foreign exchange risk. Failure to analyse risk and implement a bespoke hedging strategy can lead to significant losses.
We evaluate your business’s FX exposure: transactional and translational; short, medium or long term. Some FX exposures are easily identifiable, while others are less obvious. Optimal FX management involves the ability to work within credit constraints and around the inevitable fallibility of forecasts, while also considering natural hedges.
Your commodity exposure is connected to your commercial arrangements. We understand thatread more
We structure hedge solutions that match your objectives. We understand the interaction between your commodity exposure and other commercial arrangements such as debt covenants. Our pricing capabilities provide complete transparency on pricing, and our experience and contacts within this specialised area mean we can source the best hedge counterparties.
How do you mitigate exposure to index-linked income/expenditure? We assist with this, and moreread more
Inflation risk can arise within a business either explicitly, through a contractual arrangement, or implicitly, through cost or revenue base. It is important when assessing inflation hedging requirements to identify any natural offsetting hedge already present in your business. We can advise you on how to mitigate exposure to index-linked income/expenditure. We offer you our expertise to assess the risk, ensure that the appropriate hedging structure has been chosen and negotiate fair and transparent pricing with the hedge provider.
We support your accounting teams to effectively manage your derivativesread more
Whether your accounting team requires support or additional expertise with hedge accounting under IFRS, USGAAP and new UKGAAP, or derivatives valuations for internal management or financial reporting, we tailor our services to meet your needs. Our service can ensure accuracy of the reporting of your derivative instruments. Through the full life cycle of hedge accounting, or just one part of the process, we can help ease the workload on your accounting team. We provide guidance on whether to apply hedge accounting, help you meet documentation and effectiveness assessment requirements, and deliver the analysis needed for the relevant disclosures. If you need to convert into IFRS, US GAAP - or into the new UK accounting standard, FRS 101/102 - we can complete a comprehensive analysis of the impacts and considerations and support you with your conversion project. With valuations, we understand that the introduction of CVA/DVA adjustments has deepened the complexity of traditional counterparty bank valuations. We use sophisticated technology and processes to deliver bespoke derivatives valuations.
How do you manage surplus cash? Our independent advice ensures a strategy that’s best for youread more
The risks inherent in managing surplus cash are counterparty credit risk, concentration risk and liquidity risk. We work with you to establish the intentions for the cash holdings and consider the relative importance of security, liquidity and yield, as well as factors such as risk versus return and complete capital preservation. We advise on a wide range of short-term investment opportunities, including bank treasury deposits, call accounts and money market funds, designing and documenting bespoke cash management policies and strategies. Our independence means we refuse any introductory commissions from cash product providers, instead requesting that they divert this payment to you in the form of an improved rate of return.
Unbiased and expert opinion in hedging disputes based on forensic analysis and cross-sector experienceread more
If you have a hedging dispute related to hedge mis-selling, our experience and independence means we are well placed to help with the resolution of your case. We look at the core objectives of the borrower, review all correspondence and documentation pertaining to the hedge and the pricing, as well as any alternatives which may have been offered. Our systems recreate historical markets in which the instrument was traded to provide context and determine whether the hedge was suitable and appropriate at the time. A hypothetical hedging strategy and our opinion on what would have been the most suitable course of action are formulated. This is used to benchmark the hedge under dispute and provide guidance on an acceptable level of redress.
You may need an expert witness, if you have initiated a legal claim and require independent input as part of the litigation process. We can assist under instruction from legal counsel on the case. Our service encompasses the aspects described above and delivers an in-depth appraisal of the communication between defendant and claimant pre, during and post hedge execution. In the UK, all reports comply with requirements set out in Practice Direction 35.
We constantly monitor the regulatory environment and analyse how changes will impact your business.read more
We constantly monitor the regulatory environment and analyse how changes will impact your business. No matter how complex your organisation’s structure, we can ensure you meet AIFMD, EMIR and Dodd-Frank requirements. In a rapidly changing regulatory environment where your investors and regulators need reassurance that you are up-to-date with regulation, you can trust that our advice is clear, independent and correct.
Have you got a question about how you hedge your financial risks, or structure and arrange your debt?
Find out how we can help you by contacting us today.