COMMERCIAL PROPERTY - Bowmans Law...East Africa Awards for 2018: top legal adviser in M&A for both...

COMMERCIAL PROPERTY

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BOWMANS

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Contents

04 OurFirm

05 OurFootprintinAfrica

06 OurCommercialPropertyPractice

07 OurSpecialistServices

11 Accolades

13 KeyContacts

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Our Firm

WithsevenofficesinfiveAfricancountriesandover400specialisedlawyers,we

drawonouruniqueknowledgeofthebusinessandsocio-politicalenvironmenttoadviseclientsonawiderangeoflegalissues.

Everywherewework,weofferclientsaservicethatuniquelyblendsexpertiseinthelaw,knowledgeofthelocalmarketandanunderstandingoftheirbusinesses.Ouraimistoassistthemtoachievetheirobjectivesassmoothlyandefficientlyaspossiblewhileminimisingthelegalandregulatoryrisks.

Ourclientsincludecorporates,multinationalsandstate-ownedenterprisesacrossarangeofindustrysectorsaswellasfinancialinstitutionsandgovernments.

Ourexpertiseisfrequentlyrecognisedbyindependentresearchorganisations.Wewererankedfirstbydealvalueandsecondbydealcountin Mergermarket’s 2018Africaleaguetablesforlegaladvisors.WereceivedawardsinfiveoutofsixcategoriesattheDealmakers

EastAfricaAwardsfor2018:toplegaladviserinM&Aforbothdealflowandvalue,toplegaladviserinGeneralCorporateFinanceforbothtransactionflowandvalue,andadvisedontheDealoftheYear.IntheDealmakers SouthAfricaAwardsfor2018,wewereplacedfirstfordealflowintheGeneralCorporateFinancecategory.

WewerenamedSouthAfricanLawFirmoftheYearfor2018intheChambersAfricaAwardsforExcellence.Wealsoreceivedthe2019awardsforTransportationandInfrastructureTeamoftheYearandTMTTeamoftheYearattheAfricanLegalAwardshostedby Legal Week andtheCorporateCounselAssociationofSouthAfrica.

Bowmans exists to help our clients overcome legal complexity and unlock opportunity in Africa. Our track record of providing specialist legal services, both domestic and cross-border, in the fields of corporate law, banking and finance law and dispute resolution, spans over a century.

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Our Footprint in Africa

WeprovideintegratedlegalservicesthroughoutAfricafromsevenoffices

(CapeTown,DaresSalaam,Durban,Johannesburg,Kampala,MokaandNairobi)infivecountries(Kenya,Mauritius,SouthAfrica,TanzaniaandUganda).Weworkcloselywithouralliancefirm,AmanAssefa&AssociatesLawOffice,inEthiopia,andourbestfriendsinNigeriaandMozambique(UdoUdoma&Belo-OsagieandTacianaPeãoLopes&AdvogadosAssociados,respectively).WealsohavestrongrelationshipswithotherleadinglawfirmsacrosstherestofAfrica.WearerepresentativesofLexMundi,aglobalassociationwithmorethan160independentlawfirmsinallthemajorcentresacrosstheglobe.Thisassociationgivesusaccesstothebestfirmsineachjurisdictionrepresented.

Mozambique

Kenya

Tanzania

South Africa

Nigeria

Uganda

Mauritius

Best friends

Bowmans offices

Significant transaction or advisory experience

Alliance firms

Ethiopia

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OurCommercialPropertyPracticeisattheforefrontofrealestateacquisition,developmentandfinanceacrossthelengthandbreadthoftheAfricancontinent.Wesuccessfullysafeguardtheinterestsofallindustryroleplayers,whethertheybedevelopers,landlords,lenders,propertyfundsortenants.

OurteamcomprisesadynamicgroupoftalentedrealestatelegalpractitionerssituatedinourvariousofficesacrosstheAfricancontinent.

OurgeographicalreachandourknowledgeoftherealestateindustrythroughoutAfrica,enablesustoprovidehands-onlegalsolutionsacrossawidearrayofmulti-jurisdictionaltransactions,ensuringseamlesscollaborationandsolutionstoeventhemostcomplexofprojects.

Bowmans in South Africa,

“is known for major property

developments, real estate

financing and investments”.

Bowmans in Kenya, has

“sound legal, industry and

commercial knowledge.”

– Legal 500, 2017

Our Commercial Property Practice

Bowmans provides an

“excellent service in terms

of response times, business

acumen/ industry knowledge,

appropriateness of advice,

strength in depth of team,

and value for money”.

Craig Schafer has “in-depth

knowledge” and “tenacity

in finding solutions.”

– Legal 500, 2018

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Our Specialist Services

PropertyCommercial

StructuringandPlanning

Development

Finance

FundFormation

DueDiligence

SectionalTitle

AcquisitionFinance

Leasing

Litigation

Tax

MixedUse

DevelopmentFinance

Freehold

Restructuring

AcquisitionsandDisposals

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Ourimperativeistoprovideindustryroleplayerswithpracticalandcost-effectivecounselthroughouttheproperty‘lifecycle’,fromstructuring,acquisition,development,tenantingandfinancing,throughtoeventualdisposal,drawingonthecollectiveexperienceofsomeofAfrica’sfinestrealestatelegalpractitioners.

ThecoreservicesofferedbyourCommercialPropertyPracticeinclude:

STRUCTURING AND PLANNING

Behindeverysuccessfulrealestateacquisitionordevelopmentliescarefulplanningandstructuring.Thehastetoacquireandbuildcanoftenresultintheomissionofthecrucialpreliminarystructuringandplanningstage.

We recognise the pivotal

role which careful structuring

and planning plays in every

successful real estate venture

and offer the full spectrum

of expert advice required

at the outset of every real

estate venture.

Ourservicesinclude:

• completingduediligenceinvestigationsaimedathighlightingpotentialrisksassociatedwithintendedventures(betheyenvironmental,taxrelatedordeficienciesintitle);

• undertakinganypreliminarydeedsregistryproceduresrequiredtomitigaterisksassociatedwithtitleidentifiedthroughduediligenceinvestigations(whetherthisinvolvestheremovalofincompatibleconditionsoftitle,therectificationoferrors

inholdingdeeds,orthecancellationofoutdatedservitudes);

• providingstructuringguidanceon,andsetupof,thevehicles(andassociatedunderlyingstructures)throughwhichtoacquireanddeveloprealestate(whetherbywayofjointventurecompanies,co-ownershipstructuresorring-fencedspecialpurposevehicles).Wepayparticularattentiontothepurposeoftheintendeddevelopmentandtheassociatedtaxconsequences;

• preparingandnegotiatingthefullsuiteofimplementationdocumentsrequiredtostructurearealestateventure(frominitialheadsoftermsormemorandaofunderstandingtojointventureorcollaborationagreements,shareholdersagreements,orco-ownersagreements);

• advisingonREITformationandstructuring;and

• structuringandimplementingoffshorepropertyfundownershipstructures.

ACQUISITIONS AND DISPOSALS

Theacquisitionofrealestatebyapurchaserveryoftenrepresentsafundamentalimplementationstepinarealestateventure’slifecycle.Conversely,foraseller,thedisposalofrealestaterepresentsthefinalchapterintheseller’srealestateventureinrespectofthatproperty.Bothsellerandpurchaserhaveimportantinterestswhichrequiresafeguarding.

Weensurethattheinterestsofourprincipal(whetherthesellerorthepurchaser)areprotectedinapracticalandsolutions-orientatedmanner.Werepresenttheinterestsofsellersandpurchasersonanon-goingbasisin:

• negotiatingtheacquisitionordisposalofrealestateassets;

• identifyingandmitigatingpotentialrisks;• advisingonthetaxandotherregulatory

consequencesflowingfromtheacquisitionordisposalofrealestate;

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• preparing,negotiatingandsettlingthefullsuiteofimplementationdocumentsrequiredtoacquireordisposeofrealestateassets(whetherthesaleorpurchaseisofindividualrealestateassetsorlargeportfoliosofrealestateassets);and

• implementingsalesoracquisitionsineffectingregistrationoftransferintheapplicableDeedsRegistry.

DEVELOPMENT

Thedevelopmentofrealestaterepresentsthephase,inthelifecycleofarealestateventurethatposesthegreatestrisktodevelopers.Successfulrealestatedevelopmentsneedtobeimplementedaccordingtotimetables(whichareoftentight)andbudgets(whichoftenhavesmallmargins).

Ouracclaimedrealestateexpertshavesuccessfullyassisteddevelopersinlaunchingmultipledevelopmentsontimeandwithinbudget.We:

• prepareandnegotiateallrequiredbuildingcontracts,developmentagreementsandend-usersaleagreements;

• advisedevelopersontheimplementationofresidential,industrial,retail,commercialandmixedusedevelopments;

• provideathoroughunderstandingoflandusagerights,zoningissuesandotherregulatoryhurdlesrelevanttodevelopments;

• establishsectionaltitleschemesandsimultaneouslyco-ordinatethetransferofmultipleunitstoend-users;

• effectanysub-divisions,consolidations,notarialties,registeranyservitudesoropenanytownshipregistersrequiredfordevelopments;

• structureandestablishpropertyownersassociationsandbodycorporatesandfractionalownershipstructures;and

• collaboratewithDeedsRegistriestoensureaseamlessregistrationprocessforlargebatchesofdevelopmenttransactions.

FINANCING

Withoutfinance,therecanbenosuccessfulacquisitionordevelopmentofrealestate.Realestatefinanciersarecrucialroleplayersinthelifecycleofrealestateassetsandareinvestedinensuringthesuccessfulimplementationofrealestateventures.

We represent most of the

leading real estate financiers

across Africa and ensure that

their interests are safeguarded

when providing acquisition,

development, term or

restructuring finance to real

estate investors, developers or

real estate funds.

Weprovideanintegrated,end-to-endservice.Ourinvolvementcommenceswithnegotiatingandpreparingdealandtermsheetsandcontinuesthroughdraftingandsettlingthefullsuiteofloanandsecuritydocumentation,auditingunderlyingsaleandleaseagreementsrelevanttotheventurebeingfinanced,attendingtotheregistrationofallregistrablesecurities(whethernotarialormortgagebonds)andmonitoringthefulfilmentofadvancepre-conditions.

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Wealsorepresenttheinterestsofborrowersseekingacquisition,development,termorrestructurefinanceandguidethemthroughthenegotiationandexecutionoftheapplicablefinancingandsecuritydocumentsinawaythattheycancommitwithfullknowledgeoftheliabilitiestheyareassuming.

LEASING

Fordevelopersandlandlords,leasingrealestaterepresentsacrucialphaseinrealisingtheseassets’potential.Itoftenformsthebasisuponwhichrealestateventureswillbefinanced.Ensuringtheintegrityofleaseagreementsconcludedwithanchortenantsortenantsotherwiseidentifiedasbeingcriticaltotheviabilityofarealestateventureiscentraltotherolewhichweplayinrepresentingtheinterestsoflandlordsanddevelopersinleasingrealestate.

WerepresenttheinterestsofmanyofthemostinfluentialpropertyfundsanddevelopersacrosstheAfricancontinentthroughouttheleasingprocessby:• draftingandnegotiatingindustrial,retailand

commercialleasesforvaryingdurations;and• executinglong-termleasesinnotarialform

andensuringregistrationintheapplicableDeedsRegistries.

LITIGATION

Therealestatelifecycleunfortunatelyoftenincludestheneedfordisputeresolutionservices.Afactoflifeisthatdisputesoverrealestateandbetweenpartiestorealestateacquisitions,disposals,developments,leasesandfinancingtransactionsarisefromtimetotime.

Ourrealestateexpertsworkwithourspecialistdisputeresolutionlawyerstoofferacost-effective,practicalandsolutions-baseddisputeresolutionserviceinrespectofrealestatedisputes.

We also represent the interests

of numerous retailers across

Africa in ensuring that their

interests, as tenants, and

the specific needs of their

businesses, are safeguarded

in the lease negotiation and

preparation process.

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AccoladesAFRICAN LEGAL AWARDS 2019Wewontwopracticeawards-forTransportationandInfrastructureTeamoftheYearandTMTTeamoftheYear.

CHAMBERS AFRICA AWARDS 2018

WewerenamedSouthAfricanLawFirmoftheYear.

DEALMAKERS SOUTH AFRICA AWARDS 2018

WewereplacedfirstfordealflowandthirdfordealvalueintheGeneralCorporateFinancecategory,andthirdfordealvalueandfourthfordealflowintheM&Acategory.

DEALMAKERS EAST AFRICA AWARDS 2018Wereceivedawardsinfiveoutofsixcategories:toplegaladviserinM&Aforbothdealflowandvalue,toplegaladviserinGeneralCorporateFinanceforbothtransactionflowandvalue,andadvisedontheDealoftheYear(theRubisEnergietakeoverofKenolKobil).

MERGERMARKET LEAGUE TABLES 2018WewererankedfirstbydealvalueandsecondbydealcountintheAfricaleaguetablesforlegaladvisors,andthirdbydealcountintheMiddleEast&Africaleaguetableforlegaladvisors.

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75 39 60Recognised Lawyers

Recognised Lawyers

Recognised Lawyers

BAND 1

KENYA

Banking&FinanceCorporate/M&AEmploymentIntellectualPropertyRealEstate

SOUTH AFRICA

CapitalMarkets:DebtCapitalMarkets:EquityCompetition/AntitrustCorporateInvestigationsCorporate/M&AEmploymentEnvironmentIT&TelecommunicationsProjects&EnergyPublicLawShippingTax

TANZANIA

GeneralBusinessLaw

UGANDA

GeneralBusinessLaw

BAND 2

SOUTH AFRICA

Banking&FinanceDisputeResolutionFintechMedia&BroadcastingRestructuring/Insolvency

KENYA

FintechProjects&Energy

CHAMBERS & PARTNERS 2019 RANKED US IN THE FOLLOWING AREAS

TIER 1KENYA

Financial&CorporateMining

SOUTH AFRICA

CapitalMarketsPowerM&AUGANDA

Financial&CorporateProjectDevelopment

TIER 2KENYA

PowerInfrastructure

SOUTH AFRICA

BankingInfrastructureMiningOil&GasProjectFinanceTANZANIA

Financial&Corporate

TIER 3TANZANIA

ProjectDevelopment

IFLR1000 2020 RANKED US IN THE FOLLOWING AREAS

TIER 1KENYA

Banking&FinanceCommercial,Corporate&M&AEmploymentRealEstate&Construction

SOUTH AFRICA

Commercial,Corporate&M&ACompetitionEmploymentProjects&InfrastructureShipping

TANZANIA

LeadingFirm

UGANDA

LeadingFirm

TIER 2KENYA

DisputeResolutionPrivitisation&Projects

SOUTH AFRICA

Banking&FinanceConstructionDisputeResolutionInvestmentFundsTax

THE LEGAL 500 EMEA 2019 RANKED US IN THE FOLLOWING AREAS

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To view profiles of our lawyers,

please visit www.bowmanslaw.com

Key Contacts

ALEX NJAGE

PartnerNairobi,Kenya

T:+254202899211E: [email protected]

DAVID MPANGA

PartnerKampala,Uganda

T:+256414254540E:[email protected]

CRAIG SCHAFERHeadofCommercialPropertyJohannesburg,SouthAfrica

T: +27116699468E:[email protected]

SAMANTHA SAFFY

PartnerJohannesburg,SouthAfricaT:+27116699391E:[email protected]

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Cape Town, South Africa

T:+27214807800E: [email protected]

Dar es Salaam, Tanzania

T: +255768988640E: [email protected]

Durban, South Africa


Johannesburg, South Africa


Kampala, Uganda


Moka, Mauritius


Nairobi, Kenya


Follow us on Twitter:

@Bowmans_Law

www.bowmanslaw.com

Alliance Firm:

Aman Assefa & Associates Law Office, Addis Ababa, Ethiopia


COMMERCIAL PROPERTY - Bowmans Law...East Africa Awards for 2018: top legal adviser in M&A for both...

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