EY - Real Estate Corporate · PDF fileEY acted as sell side M&A adviser in relation to a UK...

2
About EY EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com. Ernst & Young LLP The UK firm Ernst & Young LLP is a limited liability partnership registered in England and Wales with registered number OC300001 and is a member firm of Ernst & Young Global Limited. Ernst & Young LLP, 1 More London Place, London, SE1 2AF. © 2015 Ernst & Young LLP. Published in the UK. All Rights Reserved. ED None 11542_11573.indd (UK) 07/15. Artwork by Creative Services Group Design. In line with EY’s commitment to minimise its impact on the environment, this document has been printed on paper with a high recycled content. Information in this publication is intended to provide only a general outline of the subjects covered. It should neither be regarded as comprehensive nor sufficient for making decisions, nor should it be used in place of professional advice. Ernst & Young LLP accepts no responsibility for any loss arising from any action taken or not taken by anyone using this material. ey.com/uk EY | Assurance | Tax | Transactions | Advisory The London based Real Estate Corporate Finance team is a specialist team providing corporate finance services to real estate owners, financiers and investors as well as corporate users of real estate. We have a team of 25 dedicated real estate finance professionals — including real estate investment bankers, surveyors, financial modellers, commercial bankers and accountants — who provide a deep and varied pool of skill sets to assist our clients. We have significant experience in advising clients on issues ranging from business and asset acquisitions and disposals, debt restructuring through to joint venture structuring and equity placement. Our reputation is built on innovation and collaboration, combining wide experience in the real estate, hospitality and construction industry with a practical approach to transactions. We have been involved with some of the most prestigious and ground breaking real estate transactions including; the acquisition of Minerva plc by Delancey and AREA Property Partners, the ‘credit’ backed bid for Uni-Invest by Patron Capital, the disposal of Battersea Power Station, the disposal of the Spinningfields office portfolio and the reverse take over of Terrace Hill into Urban and Civic. Our clients rely on our blend of sector expertise, market experience and global investors network to assist them in all stages of the transaction process. By working as an integrated team and being able to draw on professionals from real estate finance, tax, audit and dedicated real estate consultants across a global network of 49 countries, we ensure that innovative solutions are implemented to generate real value for our clients. Our team’s core services M&A lead advisory We provide start to finish buy and sell side lead advisory advice to clients wishing to acquire and dispose of businesses, fund management platforms, portfolios and individual assets. We have experience in all aspects of the M&A process, including: Review of strategic goals Idea generation Identification of targets or potential purchasers Due diligence, analysis and appraisal of assets, portfolios and businesses Structuring transactions in the most advantageous way Coordination of advisers Negotiating terms of key transaction documents Managing the transaction to a successful conclusion Capital raising We provide capital raising advice, including: Fund placement Arranging equity for acquisition or refinancing of real estate funds, joint ventures and project financings Arranging debt (senior bank debt through to mezzanine) for acquisition or refinancing of real estate investments, developments or entities owning real estate Debt private placement Financing strategy and option appraisals Advice on credit ratings Advice on hedging strategy and implementations Loan portfolio advisory We advise lenders and prospective purchasers in respect of the sale and acquisition of real estate loans, including: Undertaking real estate loan book reviews and analysis of best option Developing a range of commercial disposal and acquisition solutions to meet your individual requirements Preparing sales material to be provided to the market Identifying potential investor pools Real estate restructuring Together with our specialist restructuring teams, we provide a range of real estate restructuring advice, including: Developing restructuring business plans Selecting and appointing asset managers, agents and other professionals Pre-appointment cash flow and contingency planning Advising on the most appropriate course of action to meet your needs and maximise returns Advising borrowers on negotiations with creditors and capital raising Formal insolvency appointments Strategic advice to corporate occupiers We provide strategic advice to corporates to maximise value from their real estate portfolio or operational business, including: Real estate strategy Balance sheet optimisation Facilities management and outsourcing Cost reduction, capital planning and efficiency Real Estate Corporate Finance

Transcript of EY - Real Estate Corporate · PDF fileEY acted as sell side M&A adviser in relation to a UK...

Page 1: EY - Real Estate Corporate · PDF fileEY acted as sell side M&A adviser in relation to a UK residential investment portfolio Terrace Hill Deal size: £144m EY acted as financial and

About EYEY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.

EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com.

Ernst & Young LLPThe UK firm Ernst & Young LLP is a limited liability partnership registered in England and Wales with registered number OC300001 and is a member firm of Ernst & Young Global Limited.

Ernst & Young LLP, 1 More London Place, London, SE1 2AF.

© 2015 Ernst & Young LLP. Published in the UK. All Rights Reserved.

ED None

11542_11573.indd (UK) 07/15. Artwork by Creative Services Group Design.

In line with EY’s commitment to minimise its impact on the environment, this document has been printed on paper with a high recycled content.

Information in this publication is intended to provide only a general outline of the subjects covered. It should neither be regarded as comprehensive nor sufficient for making decisions, nor should it be used in place of professional advice. Ernst & Young LLP accepts no responsibility for any loss arising from any action taken or not taken by anyone using this material.

ey.com/uk

EY | Assurance | Tax | Transactions | Advisory

The London based Real Estate Corporate Finance team is a specialist team providing corporate finance services to real estate owners, financiers and investors as well as corporate users of real estate.

We have a team of 25 dedicated real estate finance professionals — including real estate investment bankers, surveyors, financial modellers, commercial bankers and accountants — who provide a deep and varied pool of skill sets to assist our clients.

We have significant experience in advising clients on issues ranging from business and asset acquisitions and disposals, debt restructuring through to joint venture structuring and equity placement.

Our reputation is built on innovation and collaboration, combining wide experience in the real estate, hospitality and construction industry with a practical approach to transactions.

We have been involved with some of the most prestigious and ground breaking real estate transactions including; the acquisition of Minerva plc by Delancey and AREA Property Partners, the ‘credit’ backed bid for Uni-Invest by Patron Capital, the disposal of Battersea Power Station, the disposal of the Spinningfields office portfolio and the reverse take over of Terrace Hill into Urban and Civic.

Our clients rely on our blend of sector expertise, market experience and global investors network to assist them in all stages of the transaction process.

By working as an integrated team and being able to draw on professionals from real estate finance, tax, audit and dedicated real estate consultants across a global network of 49 countries, we ensure that innovative solutions are implemented to generate real value for our clients.

Our team’s core servicesM&A lead advisoryWe provide start to finish buy and sell side lead advisory advice to clients wishing to acquire and dispose of businesses, fund management platforms, portfolios and individual assets. We have experience in all aspects of the M&A process, including:

► Review of strategic goals ► Idea generation ► Identification of targets or potential purchasers ► Due diligence, analysis and appraisal of assets, portfolios and businesses ► Structuring transactions in the most advantageous way ► Coordination of advisers ► Negotiating terms of key transaction documents ► Managing the transaction to a successful conclusion

Capital raisingWe provide capital raising advice, including:

► Fund placement ► Arranging equity for acquisition or refinancing of real estate funds, joint

ventures and project financings ► Arranging debt (senior bank debt through to mezzanine) for acquisition or

refinancing of real estate investments, developments or entities owning real estate

► Debt private placement ► Financing strategy and option appraisals ► Advice on credit ratings ► Advice on hedging strategy and implementations

Loan portfolio advisoryWe advise lenders and prospective purchasers in respect of the sale and acquisition of real estate loans, including:

► Undertaking real estate loan book reviews and analysis of best option ► Developing a range of commercial disposal and acquisition solutions to

meet your individual requirements ► Preparing sales material to be provided to the market ► Identifying potential investor pools

Real estate restructuringTogether with our specialist restructuring teams, we provide a range of real estate restructuring advice, including:

► Developing restructuring business plans ► Selecting and appointing asset managers, agents and other professionals ► Pre-appointment cash flow and contingency planning ► Advising on the most appropriate course of action to meet your needs and

maximise returns ► Advising borrowers on negotiations with creditors and capital raising ► Formal insolvency appointments

Strategic advice to corporate occupiersWe provide strategic advice to corporates to maximise value from their real estate portfolio or operational business, including:

► Real estate strategy ► Balance sheet optimisation ► Facilities management and outsourcing ► Cost reduction, capital planning and efficiency

Real EstateCorporate Finance

Page 2: EY - Real Estate Corporate · PDF fileEY acted as sell side M&A adviser in relation to a UK residential investment portfolio Terrace Hill Deal size: £144m EY acted as financial and

ContactsFraser GreenshieldsPartner, Real Estate Corporate Finance

+ 44 20 7951 [email protected]

Paul MurphyDirector, Real Estate Corporate Finance

+ 44 20 7951 [email protected]

Nam QuachDirector, Real Estate Corporate Finance

+ 44 20 7760 [email protected]

Andrew PennySenior Adviser, Real Estate Corporate Finance

+ 44 20 7951 [email protected]

Mathieu Roland-BillecartPartner, Real Estate Corporate Finance

+ 44 20 7951 [email protected]

Julie GreenExecutive Director, Real Estate Corporate Finance

+ 44 20 7951 [email protected]

Fergal O’ReillyExecutive Director, Real Estate Corporate Finance

+ 44 20 7951 [email protected]

Selected credentials

This announcement appears as a matter of record only.

March 2013

Project Button

This announcement appears as a matter of record only.

March 2013

Terrace Hill

This announcement appears as a matter of record only.

March 2013

CALA Homes

This announcement appears as a matter of record only.

April 2013

Barchester Healthcare

This announcement appears as a matter of record only.

March 2013

Northacre

This announcement appears as a matter of record only.

April 2013

EY acted as financial adviser raisingcapital for a UK residentialdevelopment lender

Project Utah

Deal size: £160m

This announcement appears as a matter of record only.

April 2013

EY acted as buy side M&A adviser inrelation to a secured loanacquisition

Project Silver

Deal size: £105m

This announcement appears as a matter of record only.

June 2013

EY acted as financial adviser inrelation to a credit review for amajor UK bank’s real estate loanbook

Project Escher

Deal size: confidential

This announcement appears as a matter of record only.

June 2013

EY acted as financial adviser inrelation to the refinancing of bankfacilities and US Debt PrivatePlacement

Workspace Group plc

Deal size: £353m

This announcement appears as a matter of record only.

May 2013

EY advised a UK housebuilder insupport of consensual restructuringnegotiations with lenders

Project Cairo

Deal size: £450m

EY acted as sell side M&A adviser inrelation to a loan sale for a club ofUK banks

Project Button

Deal size: Confidential

EY acted as sell side M&A adviser inrelation to a UK residentialinvestment portfolio

Terrace Hill

Deal size: £144m

EY acted as financial and fundraising adviser to Patron Capital inrelation to the acquisition of CALAHomes

CALA Homes

Deal size: £210m

EY acted as financial adviser to theGroup’s lenders

Barchester Healthcare

Deal size: £2bn

EY acted as Rule 3 sell side M&Aadviser to the Board of Northacre

Northacre

Deal size: £26m

This announcement appears as a matter of record only.

EY acted as sell side M&A adviser on the disposal of a portfolio of real estate loans

Project Helios

Deal size: €60m

December 2014

This announcement appears as a matter of record only.

Ongoing

EY is acting as buy side M&A adviser to management in relation to the acquisition of a restaurant group

Project Dine

Deal size: Confidential

This announcement appears as a matter of record only.

Ongoing

EY is acting as sell side M&A adviser on the disposal of a portfolio of real estate loans

Project Lee

Deal size: €350m

This announcement appears as a matter of record only.

Ongoing

EY acted as financial adviser to a property investor in relation to raising debt finance for development of c.800 residential units

Project Castle

Deal size: c.£70m

This announcement appears as a matter of record only.

Ongoing

EY is acting as capital raising adviser to a sustainability led UK value add real estate fund manager

Project Verde

Deal size: £250m

This announcement appears as a matter of record only.

March 2013

Project Button

This announcement appears as a matter of record only.

March 2013

Terrace Hill

This announcement appears as a matter of record only.

March 2013

CALA Homes

This announcement appears as a matter of record only.

April 2013

Barchester Healthcare

This announcement appears as a matter of record only.

March 2013

Northacre

This announcement appears as a matter of record only.

April 2013

EY acted as financial adviser raisingcapital for a UK residentialdevelopment lender

Project Utah

Deal size: £160m

This announcement appears as a matter of record only.

April 2013

EY acted as buy side M&A adviser inrelation to a secured loanacquisition

Project Silver

Deal size: £105m

This announcement appears as a matter of record only.

June 2013

EY acted as financial adviser inrelation to a credit review for amajor UK bank’s real estate loanbook

Project Escher

Deal size: confidential

This announcement appears as a matter of record only.

June 2013

EY acted as financial adviser inrelation to the refinancing of bankfacilities and US Debt PrivatePlacement

Workspace Group plc

Deal size: £353m

This announcement appears as a matter of record only.

May 2013

EY advised a UK housebuilder insupport of consensual restructuringnegotiations with lenders

Project Cairo

Deal size: £450m

EY acted as sell side M&A adviser inrelation to a loan sale for a club ofUK banks

Project Button

Deal size: Confidential

EY acted as sell side M&A adviser inrelation to a UK residentialinvestment portfolio

Terrace Hill

Deal size: £144m

EY acted as financial and fundraising adviser to Patron Capital inrelation to the acquisition of CALAHomes

CALA Homes

Deal size: £210m

EY acted as financial adviser to theGroup’s lenders

Barchester Healthcare

Deal size: £2bn

EY acted as Rule 3 sell side M&Aadviser to the Board of Northacre

Northacre

Deal size: £26m

This announcement appears as a matter of record only.

March 2013

Project Button

This announcement appears as a matter of record only.

March 2013

Terrace Hill

This announcement appears as a matter of record only.

March 2013

CALA Homes

This announcement appears as a matter of record only.

April 2013

Barchester Healthcare

This announcement appears as a matter of record only.

March 2013

Northacre

This announcement appears as a matter of record only.

April 2013

EY acted as financial adviser raisingcapital for a UK residentialdevelopment lender

Project Utah

Deal size: £160m

This announcement appears as a matter of record only.

April 2013

EY acted as buy side M&A adviser inrelation to a secured loanacquisition

Project Silver

Deal size: £105m

This announcement appears as a matter of record only.

June 2013

EY acted as financial adviser inrelation to a credit review for amajor UK bank’s real estate loanbook

Project Escher

Deal size: confidential

This announcement appears as a matter of record only.

June 2013

EY acted as financial adviser inrelation to the refinancing of bankfacilities and US Debt PrivatePlacement

Workspace Group plc

Deal size: £353m

This announcement appears as a matter of record only.

May 2013

EY advised a UK housebuilder insupport of consensual restructuringnegotiations with lenders

Project Cairo

Deal size: £450m

EY acted as sell side M&A adviser inrelation to a loan sale for a club ofUK banks

Project Button

Deal size: Confidential

EY acted as sell side M&A adviser inrelation to a UK residentialinvestment portfolio

Terrace Hill

Deal size: £144m

EY acted as financial and fundraising adviser to Patron Capital inrelation to the acquisition of CALAHomes

CALA Homes

Deal size: £210m

EY acted as financial adviser to theGroup’s lenders

Barchester Healthcare

Deal size: £2bn

EY acted as Rule 3 sell side M&Aadviser to the Board of Northacre

Northacre

Deal size: £26m

This announcement appears as a matter of record only.

May 2012

SDIC

This announcement appears as a matter of record only.

April 2012

The Portman Estate

This announcement appears as a matter of record only.

July 2012

Project Harrogate

This announcement appears as a matter of record only.

August 2012

Uni-Invest

This announcement appears as a matter of record only.

September 2012

Battersea Power

This announcement appears as a matter of record only.

October 2012

EY acted as buy side M&A adviser inrelation to a UK NPL portfolio

Project Pivot

Deal size: £380m

This announcement appears as a matter of record only.

October 2012

EY acted as financial adviser inrelation to a refinancing of existingfacilities into RPI and Fixed rateground rent tranched financings

Wallace Estates

Deal size: £120m

This announcement appears as a matter of record only.

October 2012

EY acted as financial adviser inrelation to the restructuring of aportfolio of NCP car parks

NCP

Deal size: £800m

This announcement appears as a matter of record only.

January 2013

EY acted as financial adviser inrelation to the South Bank Centrerefurbishment

South Bank Centre

Deal size: £60m

This announcement appears as a matter of record only.

February 2013

EY acted as financial adviser inrelation to turnaround andrestructure of a major UK carehome landlord

Nursing HomeProperties

Deal size: £1.2bn

EY acted as sell side M&A adviser tothe lender of SDIC plc, a GermanResidential Investment Company

SDIC

Deal size: £1bn

EY acted as financial adviser inrelation to raising finance throughthe US Debt Private Placementmarket

The Portman Estate

Deal size: £125m

EY acted as buy side M&A adviser inrelation to a UK NPL portfolio

Project Harrogate

Deal size: £620m

EY acted as buy side M&A adviser toPatron Capital in relation to its‘credit’ back bid for Uni-Invest

Uni-Invest

Deal size: £360m

EY acted as sell side M&A adviser inrelation to the sale of BatterseaPower Station

Battersea PowerStation

Deal size: £400m

This announcement appears as a matter of record only.

May 2012

SDIC

This announcement appears as a matter of record only.

April 2012

The Portman Estate

This announcement appears as a matter of record only.

July 2012

Project Harrogate

This announcement appears as a matter of record only.

August 2012

Uni-Invest

This announcement appears as a matter of record only.

September 2012

Battersea Power

This announcement appears as a matter of record only.

October 2012

EY acted as buy side M&A adviser inrelation to a UK NPL portfolio

Project Pivot

Deal size: £380m

This announcement appears as a matter of record only.

October 2012

EY acted as financial adviser inrelation to a refinancing of existingfacilities into RPI and Fixed rateground rent tranched financings

Wallace Estates

Deal size: £120m

This announcement appears as a matter of record only.

October 2012

EY acted as financial adviser inrelation to the restructuring of aportfolio of NCP car parks

NCP

Deal size: £800m

This announcement appears as a matter of record only.

January 2013

EY acted as financial adviser inrelation to the South Bank Centrerefurbishment

South Bank Centre

Deal size: £60m

This announcement appears as a matter of record only.

February 2013

EY acted as financial adviser inrelation to turnaround andrestructure of a major UK carehome landlord

Nursing HomeProperties

Deal size: £1.2bn

EY acted as sell side M&A adviser tothe lender of SDIC plc, a GermanResidential Investment Company

SDIC

Deal size: £1bn

EY acted as financial adviser inrelation to raising finance throughthe US Debt Private Placementmarket

The Portman Estate

Deal size: £125m

EY acted as buy side M&A adviser inrelation to a UK NPL portfolio

Project Harrogate

Deal size: £620m

EY acted as buy side M&A adviser toPatron Capital in relation to its‘credit’ back bid for Uni-Invest

Uni-Invest

Deal size: £360m

EY acted as sell side M&A adviser inrelation to the sale of BatterseaPower Station

Battersea PowerStation

Deal size: £400m

This announcement appears as a matter of record only.

May 2012

SDIC

This announcement appears as a matter of record only.

April 2012

The Portman Estate

This announcement appears as a matter of record only.

July 2012

Project Harrogate

This announcement appears as a matter of record only.

August 2012

Uni-Invest

This announcement appears as a matter of record only.

September 2012

Battersea Power

This announcement appears as a matter of record only.

October 2012

EY acted as buy side M&A adviser inrelation to a UK NPL portfolio

Project Pivot

Deal size: £380m

This announcement appears as a matter of record only.

October 2012

EY acted as financial adviser inrelation to a refinancing of existingfacilities into RPI and Fixed rateground rent tranched financings

Wallace Estates

Deal size: £120m

This announcement appears as a matter of record only.

October 2012

EY acted as financial adviser inrelation to the restructuring of aportfolio of NCP car parks

NCP

Deal size: £800m

This announcement appears as a matter of record only.

January 2013

EY acted as financial adviser inrelation to the South Bank Centrerefurbishment

South Bank Centre

Deal size: £60m

This announcement appears as a matter of record only.

February 2013

EY acted as financial adviser inrelation to turnaround andrestructure of a major UK carehome landlord

Nursing HomeProperties

Deal size: £1.2bn

EY acted as sell side M&A adviser tothe lender of SDIC plc, a GermanResidential Investment Company

SDIC

Deal size: £1bn

EY acted as financial adviser inrelation to raising finance throughthe US Debt Private Placementmarket

The Portman Estate

Deal size: £125m

EY acted as buy side M&A adviser inrelation to a UK NPL portfolio

Project Harrogate

Deal size: £620m

EY acted as buy side M&A adviser toPatron Capital in relation to its‘credit’ back bid for Uni-Invest

Uni-Invest

Deal size: £360m

EY acted as sell side M&A adviser inrelation to the sale of BatterseaPower Station

Battersea PowerStation

Deal size: £400m

This announcement appears as a matter of record only.

March 2013

Project Button

This announcement appears as a matter of record only.

March 2013

Terrace Hill

This announcement appears as a matter of record only.

March 2013

CALA Homes

This announcement appears as a matter of record only.

April 2013

Barchester Healthcare

This announcement appears as a matter of record only.

March 2013

Northacre

This announcement appears as a matter of record only.

April 2013

EY acted as financial adviser raisingcapital for a UK residentialdevelopment lender

Project Utah

Deal size: £160m

This announcement appears as a matter of record only.

April 2013

EY acted as buy side M&A adviser inrelation to a secured loanacquisition

Project Silver

Deal size: £105m

This announcement appears as a matter of record only.

June 2013

EY acted as financial adviser inrelation to a credit review for amajor UK bank’s real estate loanbook

Project Escher

Deal size: confidential

This announcement appears as a matter of record only.

June 2013

EY acted as financial adviser inrelation to the refinancing of bankfacilities and US Debt PrivatePlacement

Workspace Group plc

Deal size: £353m

This announcement appears as a matter of record only.

May 2013

EY advised a UK housebuilder insupport of consensual restructuringnegotiations with lenders

Project Cairo

Deal size: £450m

EY acted as sell side M&A adviser inrelation to a loan sale for a club ofUK banks

Project Button

Deal size: Confidential

EY acted as sell side M&A adviser inrelation to a UK residentialinvestment portfolio

Terrace Hill

Deal size: £144m

EY acted as financial and fundraising adviser to Patron Capital inrelation to the acquisition of CALAHomes

CALA Homes

Deal size: £210m

EY acted as financial adviser to theGroup’s lenders

Barchester Healthcare

Deal size: £2bn

EY acted as Rule 3 sell side M&Aadviser to the Board of Northacre

Northacre

Deal size: £26m

This announcement appears as a matter of record only.

May 2012

SDIC

This announcement appears as a matter of record only.

April 2012

The Portman Estate

This announcement appears as a matter of record only.

July 2012

Project Harrogate

This announcement appears as a matter of record only.

August 2012

Uni-Invest

This announcement appears as a matter of record only.

September 2012

Battersea Power

This announcement appears as a matter of record only.

October 2012

EY acted as buy side M&A adviser inrelation to a UK NPL portfolio

Project Pivot

Deal size: £380m

This announcement appears as a matter of record only.

October 2012

EY acted as financial adviser inrelation to a refinancing of existingfacilities into RPI and Fixed rateground rent tranched financings

Wallace Estates

Deal size: £120m

This announcement appears as a matter of record only.

October 2012

EY acted as financial adviser inrelation to the restructuring of aportfolio of NCP car parks

NCP

Deal size: £800m

This announcement appears as a matter of record only.

January 2013

EY acted as financial adviser inrelation to the South Bank Centrerefurbishment

South Bank Centre

Deal size: £60m

This announcement appears as a matter of record only.

February 2013

EY acted as financial adviser inrelation to turnaround andrestructure of a major UK carehome landlord

Nursing HomeProperties

Deal size: £1.2bn

EY acted as sell side M&A adviser tothe lender of SDIC plc, a GermanResidential Investment Company

SDIC

Deal size: £1bn

EY acted as financial adviser inrelation to raising finance throughthe US Debt Private Placementmarket

The Portman Estate

Deal size: £125m

EY acted as buy side M&A adviser inrelation to a UK NPL portfolio

Project Harrogate

Deal size: £620m

EY acted as buy side M&A adviser toPatron Capital in relation to its‘credit’ back bid for Uni-Invest

Uni-Invest

Deal size: £360m

EY acted as sell side M&A adviser inrelation to the sale of BatterseaPower Station

Battersea PowerStation

Deal size: £400m

This announcement appears as a matter of record only.

March 2013

Project Button

This announcement appears as a matter of record only.

March 2013

Terrace Hill

This announcement appears as a matter of record only.

March 2013

CALA Homes

This announcement appears as a matter of record only.

April 2013

Barchester Healthcare

This announcement appears as a matter of record only.

March 2013

Northacre

This announcement appears as a matter of record only.

April 2013

EY acted as financial adviser raisingcapital for a UK residentialdevelopment lender

Project Utah

Deal size: £160m

This announcement appears as a matter of record only.

April 2013

EY acted as buy side M&A adviser inrelation to a secured loanacquisition

Project Silver

Deal size: £105m

This announcement appears as a matter of record only.

June 2013

EY acted as financial adviser inrelation to a credit review for amajor UK bank’s real estate loanbook

Project Escher

Deal size: confidential

This announcement appears as a matter of record only.

June 2013

EY acted as financial adviser inrelation to the refinancing of bankfacilities and US Debt PrivatePlacement

Workspace Group plc

Deal size: £353m

This announcement appears as a matter of record only.

May 2013

EY advised a UK housebuilder insupport of consensual restructuringnegotiations with lenders

Project Cairo

Deal size: £450m

EY acted as sell side M&A adviser inrelation to a loan sale for a club ofUK banks

Project Button

Deal size: Confidential

EY acted as sell side M&A adviser inrelation to a UK residentialinvestment portfolio

Terrace Hill

Deal size: £144m

EY acted as financial and fundraising adviser to Patron Capital inrelation to the acquisition of CALAHomes

CALA Homes

Deal size: £210m

EY acted as financial adviser to theGroup’s lenders

Barchester Healthcare

Deal size: £2bn

EY acted as Rule 3 sell side M&Aadviser to the Board of Northacre

Northacre

Deal size: £26m

This announcement appears as a matter of record only.

May 2012

SDIC

This announcement appears as a matter of record only.

April 2012

The Portman Estate

This announcement appears as a matter of record only.

July 2012

Project Harrogate

This announcement appears as a matter of record only.

August 2012

Uni-Invest

This announcement appears as a matter of record only.

September 2012

Battersea Power

This announcement appears as a matter of record only.

October 2012

EY acted as buy side M&A adviser inrelation to a UK NPL portfolio

Project Pivot

Deal size: £380m

This announcement appears as a matter of record only.

October 2012

EY acted as financial adviser inrelation to a refinancing of existingfacilities into RPI and Fixed rateground rent tranched financings

Wallace Estates

Deal size: £120m

This announcement appears as a matter of record only.

October 2012

EY acted as financial adviser inrelation to the restructuring of aportfolio of NCP car parks

NCP

Deal size: £800m

This announcement appears as a matter of record only.

January 2013

EY acted as financial adviser inrelation to the South Bank Centrerefurbishment

South Bank Centre

Deal size: £60m

This announcement appears as a matter of record only.

February 2013

EY acted as financial adviser inrelation to turnaround andrestructure of a major UK carehome landlord

Nursing HomeProperties

Deal size: £1.2bn

EY acted as sell side M&A adviser tothe lender of SDIC plc, a GermanResidential Investment Company

SDIC

Deal size: £1bn

EY acted as financial adviser inrelation to raising finance throughthe US Debt Private Placementmarket

The Portman Estate

Deal size: £125m

EY acted as buy side M&A adviser inrelation to a UK NPL portfolio

Project Harrogate

Deal size: £620m

EY acted as buy side M&A adviser toPatron Capital in relation to its‘credit’ back bid for Uni-Invest

Uni-Invest

Deal size: £360m

EY acted as sell side M&A adviser inrelation to the sale of BatterseaPower Station

Battersea PowerStation

Deal size: £400m

This announcement appears as a matter of record only.

2011

Grosvenor

This announcement appears as a matter of record only.

May 2011

EY acted as adviser to a SpecialServicer and Administrator

White Tower 2006-3plc

Deal size: £1.5bn

This announcement appears as a matter of record only.

August 2011

EY acted as joint buy side M&Aadviser to Jupiter Properties on theMinerva take private

Minerva plc

Deal size: £1.1bn

This announcement appears as a matter of record only.

September 2011

EY acted as buy side M&A adviserfor a UK lender and private equityinvestor

Jarvis Hotels

Deal size: £120m

This announcement appears as a matter of record only.

February 2012

EY acted as financial adviser inrelation to a credit review for amajor UK bank’s real estate loanbook

Asset ProtectionAgency

Deal size: confidential

EY acted as financial adviser inrelation to the refinance of debtinstruments

Grosvenor

Deal size: £125m

EY is acting as buy side M&A adviser in relation to the acquisition of a UK residential business

Project River

This announcement appears as a matter of record only.

Ongoing

Deal size: £350m

This announcement appears as a matter of record only.

March 2013

Project Button

This announcement appears as a matter of record only.

March 2013

Terrace Hill

This announcement appears as a matter of record only.

March 2013

CALA Homes

This announcement appears as a matter of record only.

April 2013

Barchester Healthcare

This announcement appears as a matter of record only.

March 2013

Northacre

This announcement appears as a matter of record only.

April 2013

EY acted as financial adviser raisingcapital for a UK residentialdevelopment lender

Project Utah

Deal size: £160m

This announcement appears as a matter of record only.

April 2013

EY acted as buy side M&A adviser inrelation to a secured loanacquisition

Project Silver

Deal size: £105m

This announcement appears as a matter of record only.

June 2013

EY acted as financial adviser inrelation to a credit review for amajor UK bank’s real estate loanbook

Project Escher

Deal size: confidential

This announcement appears as a matter of record only.

June 2013

EY acted as financial adviser inrelation to the refinancing of bankfacilities and US Debt PrivatePlacement

Workspace Group plc

Deal size: £353m

This announcement appears as a matter of record only.

May 2013

EY advised a UK housebuilder insupport of consensual restructuringnegotiations with lenders

Project Cairo

Deal size: £450m

EY acted as sell side M&A adviser inrelation to a loan sale for a club ofUK banks

Project Button

Deal size: Confidential

EY acted as sell side M&A adviser inrelation to a UK residentialinvestment portfolio

Terrace Hill

Deal size: £144m

EY acted as financial and fundraising adviser to Patron Capital inrelation to the acquisition of CALAHomes

CALA Homes

Deal size: £210m

EY acted as financial adviser to theGroup’s lenders

Barchester Healthcare

Deal size: £2bn

EY acted as Rule 3 sell side M&Aadviser to the Board of Northacre

Northacre

Deal size: £26m

This announcement appears as a matter of record only.

May 2012

SDIC

This announcement appears as a matter of record only.

April 2012

The Portman Estate

This announcement appears as a matter of record only.

July 2012

Project Harrogate

This announcement appears as a matter of record only.

August 2012

Uni-Invest

This announcement appears as a matter of record only.

September 2012

Battersea Power

This announcement appears as a matter of record only.

October 2012

EY acted as buy side M&A adviser inrelation to a UK NPL portfolio

Project Pivot

Deal size: £380m

This announcement appears as a matter of record only.

October 2012

EY acted as financial adviser inrelation to a refinancing of existingfacilities into RPI and Fixed rateground rent tranched financings

Wallace Estates

Deal size: £120m

This announcement appears as a matter of record only.

October 2012

EY acted as financial adviser inrelation to the restructuring of aportfolio of NCP car parks

NCP

Deal size: £800m

This announcement appears as a matter of record only.

January 2013

EY acted as financial adviser inrelation to the South Bank Centrerefurbishment

South Bank Centre

Deal size: £60m

This announcement appears as a matter of record only.

February 2013

EY acted as financial adviser inrelation to turnaround andrestructure of a major UK carehome landlord

Nursing HomeProperties

Deal size: £1.2bn

EY acted as sell side M&A adviser tothe lender of SDIC plc, a GermanResidential Investment Company

SDIC

Deal size: £1bn

EY acted as financial adviser inrelation to raising finance throughthe US Debt Private Placementmarket

The Portman Estate

Deal size: £125m

EY acted as buy side M&A adviser inrelation to a UK NPL portfolio

Project Harrogate

Deal size: £620m

EY acted as buy side M&A adviser toPatron Capital in relation to its‘credit’ back bid for Uni-Invest

Uni-Invest

Deal size: £360m

EY acted as sell side M&A adviser inrelation to the sale of BatterseaPower Station

Battersea PowerStation

Deal size: £400m

This announcement appears as a matter of record only.

EY acted as financial adviser to TerraceHill in its recommended acquisition ofUrban & Civic, proposed placing of£170 million of new primary capitaland admission to LSE

Terrace Hill

Deal size: £325m

May 2014

This announcement appears as a matter of record only.

October 2013

Opal Student

This announcement appears as a matter of record only.

Ongoing

EY is acting as independentfinancial adviser on the IPO of a UKresidential development lender

Project Upton

Deal size: £500m

This announcement appears as a matter of record only.

March 2014

Banner Homes

This announcement appears as a matter of record only.

Ongoing

EY is acting as sell side M&Aadviser on the disposal of aportfolio of real estate loans

Project Drive

Deal size: Confidential

This announcement appears as a matter of record only.

Project Riesling

January 2014

This announcement appears as a matter of record only.

Ongoing

EY is acting as financial adviser to aproperty investor in relation toraising debt finance fordevelopment of c.800 residentialunits

Project Castle

Deal size: c.£70m

This announcement appears as a matter of record only.

Ongoing

EY is acting as sell side M&A adviserin relation to the sale of two GradeA office buildings in Manchester

Project Youngster

Deal size: £300m

This announcement appears as a matter of record only.

September 2013

Project King

This announcement appears as a matter of record only.

Project Galway

July 2013

EY acted as sell side M&A adviser inrelation to a studentaccommodation portfolio

Opal StudentAccommodation

Deal size: £350m

EY acted as buy side M&A adviser toCALA Homes in relation to theacquisition of Banner Homes

Banner Homes

Deal size: £200m

EY acted as buy side M&A adviser inrelation to the acquisition of threeGerman residential (performing)loans

Project Riesling

Deal size: €200m

EY acted as financial adviser inrelation to the refinancing of aportfolio of industrial properties

Project King

Deal size: £210m

EY acted as buy side M&A adviser inrelation to the acquisition of aportfolio of loans secured on UKreal estate

Project Galway

Deal size: £250m

This announcement appears as a matter of record only.

2011

Grosvenor

This announcement appears as a matter of record only.

May 2011

EY acted as adviser to a SpecialServicer and Administrator

White Tower 2006-3plc

Deal size: £1.5bn

This announcement appears as a matter of record only.

August 2011

EY acted as joint buy side M&Aadviser to Jupiter Properties on theMinerva take private

Minerva plc

Deal size: £1.1bn

This announcement appears as a matter of record only.

September 2011

EY acted as buy side M&A adviserfor a UK lender and private equityinvestor

Jarvis Hotels

Deal size: £120m

This announcement appears as a matter of record only.

2012

EY acted as financial adviser inrelation to the refinancing of bankfacilities and US Debt PrivatePlacement

The Cadogan Estate

Deal size: £105m

This announcement appears as a matter of record only.

February 2012

EY acted as financial adviser inrelation to a credit review for amajor UK bank’s real estate loanbook

Asset ProtectionAgency

Deal size: confidential

EY acted as financial adviser inrelation to the refinance of debtinstruments

Grosvenor

Deal size: £125m

This announcement appears as a matter of record only.

EY acted as financial adviser to TerraceHill in its recommended acquisition ofUrban & Civic, proposed placing of£170 million of new primary capitaland admission to LSE

Terrace Hill

Deal size: £325m

May 2014

This announcement appears as a matter of record only.

October 2013

Opal Student

This announcement appears as a matter of record only.

Ongoing

EY is acting as independentfinancial adviser on the IPO of a UKresidential development lender

Project Upton

Deal size: £500m

This announcement appears as a matter of record only.

March 2014

Banner Homes

This announcement appears as a matter of record only.

Ongoing

EY is acting as sell side M&Aadviser on the disposal of aportfolio of real estate loans

Project Drive

Deal size: Confidential

This announcement appears as a matter of record only.

Project Riesling

January 2014

This announcement appears as a matter of record only.

Ongoing

EY is acting as financial adviser to aproperty investor in relation toraising debt finance fordevelopment of c.800 residentialunits

Project Castle

Deal size: c.£70m

This announcement appears as a matter of record only.

Ongoing

EY is acting as sell side M&A adviserin relation to the sale of two GradeA office buildings in Manchester

Project Youngster

Deal size: £300m

This announcement appears as a matter of record only.

September 2013

Project King

This announcement appears as a matter of record only.

Project Galway

July 2013

EY acted as sell side M&A adviser inrelation to a studentaccommodation portfolio

Opal StudentAccommodation

Deal size: £350m

EY acted as buy side M&A adviser toCALA Homes in relation to theacquisition of Banner Homes

Banner Homes

Deal size: £200m

EY acted as buy side M&A adviser inrelation to the acquisition of threeGerman residential (performing)loans

Project Riesling

Deal size: €200m

EY acted as financial adviser inrelation to the refinancing of aportfolio of industrial properties

Project King

Deal size: £210m

EY acted as buy side M&A adviser inrelation to the acquisition of aportfolio of loans secured on UKreal estate

Project Galway

Deal size: £250m

This announcement appears as a matter of record only.

March 2013

Project Button

This announcement appears as a matter of record only.

March 2013

Terrace Hill

This announcement appears as a matter of record only.

March 2013

CALA Homes

This announcement appears as a matter of record only.

April 2013

Barchester Healthcare

This announcement appears as a matter of record only.

March 2013

Northacre

This announcement appears as a matter of record only.

April 2013

EY acted as financial adviser raisingcapital for a UK residentialdevelopment lender

Project Utah

Deal size: £160m

This announcement appears as a matter of record only.

April 2013

EY acted as buy side M&A adviser inrelation to a secured loanacquisition

Project Silver

Deal size: £105m

This announcement appears as a matter of record only.

June 2013

EY acted as financial adviser inrelation to a credit review for amajor UK bank’s real estate loanbook

Project Escher

Deal size: confidential

This announcement appears as a matter of record only.

June 2013

EY acted as financial adviser inrelation to the refinancing of bankfacilities and US Debt PrivatePlacement

Workspace Group plc

Deal size: £353m

This announcement appears as a matter of record only.

May 2013

EY advised a UK housebuilder insupport of consensual restructuringnegotiations with lenders

Project Cairo

Deal size: £450m

EY acted as sell side M&A adviser inrelation to a loan sale for a club ofUK banks

Project Button

Deal size: Confidential

EY acted as sell side M&A adviser inrelation to a UK residentialinvestment portfolio

Terrace Hill

Deal size: £144m

EY acted as financial and fundraising adviser to Patron Capital inrelation to the acquisition of CALAHomes

CALA Homes

Deal size: £210m

EY acted as financial adviser to theGroup’s lenders

Barchester Healthcare

Deal size: £2bn

EY acted as Rule 3 sell side M&Aadviser to the Board of Northacre

Northacre

Deal size: £26m

This announcement appears as a matter of record only.

March 2013

Project Button

This announcement appears as a matter of record only.

March 2013

Terrace Hill

This announcement appears as a matter of record only.

March 2013

CALA Homes

This announcement appears as a matter of record only.

April 2013

Barchester Healthcare

This announcement appears as a matter of record only.

March 2013

Northacre

This announcement appears as a matter of record only.

April 2013

EY acted as financial adviser raisingcapital for a UK residentialdevelopment lender

Project Utah

Deal size: £160m

This announcement appears as a matter of record only.

April 2013

EY acted as buy side M&A adviser inrelation to a secured loanacquisition

Project Silver

Deal size: £105m

This announcement appears as a matter of record only.

June 2013

EY acted as financial adviser inrelation to a credit review for amajor UK bank’s real estate loanbook

Project Escher

Deal size: confidential

This announcement appears as a matter of record only.

June 2013

EY acted as financial adviser inrelation to the refinancing of bankfacilities and US Debt PrivatePlacement

Workspace Group plc

Deal size: £353m

This announcement appears as a matter of record only.

May 2013

EY advised a UK housebuilder insupport of consensual restructuringnegotiations with lenders

Project Cairo

Deal size: £450m

EY acted as sell side M&A adviser inrelation to a loan sale for a club ofUK banks

Project Button

Deal size: Confidential

EY acted as sell side M&A adviser inrelation to a UK residentialinvestment portfolio

Terrace Hill

Deal size: £144m

EY acted as financial and fundraising adviser to Patron Capital inrelation to the acquisition of CALAHomes

CALA Homes

Deal size: £210m

EY acted as financial adviser to theGroup’s lenders

Barchester Healthcare

Deal size: £2bn

EY acted as Rule 3 sell side M&Aadviser to the Board of Northacre

Northacre

Deal size: £26m

This announcement appears as a matter of record only.

EY acted as financial adviser to TerraceHill in its recommended acquisition ofUrban & Civic, proposed placing of£170 million of new primary capitaland admission to LSE

Terrace Hill

Deal size: £325m

May 2014

This announcement appears as a matter of record only.

October 2013

Opal Student

This announcement appears as a matter of record only.

Ongoing

EY is acting as independentfinancial adviser on the IPO of a UKresidential development lender

Project Upton

Deal size: £500m

This announcement appears as a matter of record only.

March 2014

Banner Homes

This announcement appears as a matter of record only.

Ongoing

EY is acting as sell side M&Aadviser on the disposal of aportfolio of real estate loans

Project Drive

Deal size: Confidential

This announcement appears as a matter of record only.

Project Riesling

January 2014

This announcement appears as a matter of record only.

Ongoing

EY is acting as financial adviser to aproperty investor in relation toraising debt finance fordevelopment of c.800 residentialunits

Project Castle

Deal size: c.£70m

This announcement appears as a matter of record only.

Ongoing

EY is acting as sell side M&A adviserin relation to the sale of two GradeA office buildings in Manchester

Project Youngster

Deal size: £300m

This announcement appears as a matter of record only.

September 2013

Project King

This announcement appears as a matter of record only.

Project Galway

July 2013

EY acted as sell side M&A adviser inrelation to a studentaccommodation portfolio

Opal StudentAccommodation

Deal size: £350m

EY acted as buy side M&A adviser toCALA Homes in relation to theacquisition of Banner Homes

Banner Homes

Deal size: £200m

EY acted as buy side M&A adviser inrelation to the acquisition of threeGerman residential (performing)loans

Project Riesling

Deal size: €200m

EY acted as financial adviser inrelation to the refinancing of aportfolio of industrial properties

Project King

Deal size: £210m

EY acted as buy side M&A adviser inrelation to the acquisition of aportfolio of loans secured on UKreal estate

Project Galway

Deal size: £250m

This announcement appears as a matter of record only.

2011

Grosvenor

This announcement appears as a matter of record only.

May 2011

EY acted as adviser to a SpecialServicer and Administrator

White Tower 2006-3plc

Deal size: £1.5bn

This announcement appears as a matter of record only.

August 2011

EY acted as joint buy side M&Aadviser to Jupiter Properties on theMinerva take private

Minerva plc

Deal size: £1.1bn

This announcement appears as a matter of record only.

September 2011

EY acted as buy side M&A adviserfor a UK lender and private equityinvestor

Jarvis Hotels

Deal size: £120m

This announcement appears as a matter of record only.

2012

EY acted as financial adviser inrelation to the refinancing of bankfacilities and US Debt PrivatePlacement

The Cadogan Estate

Deal size: £105m

This announcement appears as a matter of record only.

February 2012

EY acted as financial adviser inrelation to a credit review for amajor UK bank’s real estate loanbook

Asset ProtectionAgency

Deal size: confidential

EY acted as financial adviser inrelation to the refinance of debtinstruments

Grosvenor

Deal size: £125m

This announcement appears as a matter of record only.

May 2012

SDIC

This announcement appears as a matter of record only.

April 2012

The Portman Estate

This announcement appears as a matter of record only.

July 2012

Project Harrogate

This announcement appears as a matter of record only.

August 2012

Uni-Invest

This announcement appears as a matter of record only.

September 2012

Battersea Power

This announcement appears as a matter of record only.

October 2012

EY acted as buy side M&A adviser inrelation to a UK NPL portfolio

Project Pivot

Deal size: £380m

This announcement appears as a matter of record only.

October 2012

EY acted as financial adviser inrelation to a refinancing of existingfacilities into RPI and Fixed rateground rent tranched financings

Wallace Estates

Deal size: £120m

This announcement appears as a matter of record only.

October 2012

EY acted as financial adviser inrelation to the restructuring of aportfolio of NCP car parks

NCP

Deal size: £800m

This announcement appears as a matter of record only.

January 2013

EY acted as financial adviser inrelation to the South Bank Centrerefurbishment

South Bank Centre

Deal size: £60m

This announcement appears as a matter of record only.

February 2013

EY acted as financial adviser inrelation to turnaround andrestructure of a major UK carehome landlord

Nursing HomeProperties

Deal size: £1.2bn

EY acted as sell side M&A adviser tothe lender of SDIC plc, a GermanResidential Investment Company

SDIC

Deal size: £1bn

EY acted as financial adviser inrelation to raising finance throughthe US Debt Private Placementmarket

The Portman Estate

Deal size: £125m

EY acted as buy side M&A adviser inrelation to a UK NPL portfolio

Project Harrogate

Deal size: £620m

EY acted as buy side M&A adviser toPatron Capital in relation to its‘credit’ back bid for Uni-Invest

Uni-Invest

Deal size: £360m

EY acted as sell side M&A adviser inrelation to the sale of BatterseaPower Station

Battersea PowerStation

Deal size: £400m

This announcement appears as a matter of record only.

2011

Grosvenor

This announcement appears as a matter of record only.

May 2011

EY acted as adviser to a SpecialServicer and Administrator

White Tower 2006-3plc

Deal size: £1.5bn

This announcement appears as a matter of record only.

August 2011

EY acted as joint buy side M&Aadviser to Jupiter Properties on theMinerva take private

Minerva plc

Deal size: £1.1bn

This announcement appears as a matter of record only.

September 2011

EY acted as buy side M&A adviserfor a UK lender and private equityinvestor

Jarvis Hotels

Deal size: £120m

This announcement appears as a matter of record only.

2012

EY acted as financial adviser inrelation to the refinancing of bankfacilities and US Debt PrivatePlacement

The Cadogan Estate

Deal size: £105m

This announcement appears as a matter of record only.

February 2012

EY acted as financial adviser inrelation to a credit review for amajor UK bank’s real estate loanbook

Asset ProtectionAgency

Deal size: confidential

EY acted as financial adviser inrelation to the refinance of debtinstruments

Grosvenor

Deal size: £125m

This announcement appears as a matter of record only.

Project Youngster

July 2014

EY acted as sell side M&A adviser in relation to the sale of two Grade A office buildings in Manchester

Deal size: £320m

This announcement appears as a matter of record only.

Project Drive

May 2014

EY acted as sell side M&A adviser on the disposal of a portfolio of real estate loans

Deal size: Confidential

This announcement appears as a matter of record only.

Project Youngster

July 2014

EY acted as sell side M&A adviser in relation to the sale of two Grade A office buildings in Manchester

Deal size: £320m

This announcement appears as a matter of record only.

Project Drive

May 2014

EY acted as sell side M&A adviser on the disposal of a portfolio of real estate loans

Deal size: Confidential

This announcement appears as a matter of record only.

EY acted as sell side M&A adviser on the disposal of a portfolio of real estate loans

Project Helios

Deal size: €60m

December 2014

This announcement appears as a matter of record only.

Ongoing

EY is acting as buy side M&A adviser to management in relation to the acquisition of a restaurant group

Project Dine

Deal size: Confidential

This announcement appears as a matter of record only.

Ongoing

EY is acting as sell side M&A adviser on the disposal of a portfolio of real estate loans

Project Lee

Deal size: €350m

This announcement appears as a matter of record only.

Ongoing

EY acted as financial adviser to a property investor in relation to raising debt finance for development of c.800 residential units

Project Castle

Deal size: c.£70m

This announcement appears as a matter of record only.

Ongoing

EY is acting as capital raising adviser to a sustainability led UK value add real estate fund manager

Project Verde

Deal size: £250m

This announcement appears as a matter of record only.

EY acted as sell side M&A adviser on the disposal of a portfolio of real estate loans

Project Helios

Deal size: €60m

December 2014

This announcement appears as a matter of record only.

Ongoing

EY is acting as buy side M&A adviser to management in relation to the acquisition of a restaurant group

Project Dine

Deal size: Confidential

This announcement appears as a matter of record only.

Ongoing

EY is acting as sell side M&A adviser on the disposal of a portfolio of real estate loans

Project Lee

Deal size: €350m

This announcement appears as a matter of record only.

Ongoing

EY acted as financial adviser to a property investor in relation to raising debt finance for development of c.800 residential units

Project Castle

Deal size: c.£70m

This announcement appears as a matter of record only.

Ongoing

EY is acting as capital raising adviser to a sustainability led UK value add real estate fund manager

Project Verde

Deal size: £250m

This announcement appears as a matter of record only.

May 2015

EY acted as financial advisor to a property investor in relation to raising debt finance for the development of c.800 residential units

Deal size: c£70m

Project Castle

This announcement appears as a matter of record only.

December 2014

EY acted as sell side M&A adviser on the disposal of a portfolio of loans secured on care homes

Deal size: Confidential

Project Helios

This announcement appears as a matter of record only.

May 2015

EY advised Oaktree on the acquisition of a portfolio of German non- performing loans

Deal size: Confidential

Project Sun

This announcement appears as a matter of record only.

May 2015

EY acted as financial advisor to a property investor in relation to raising debt finance for the development of c.800 residential units

Deal size: c£70m

Project Castle

This announcement appears as a matter of record only.

December 2014

EY acted as sell side M&A adviser on the disposal of a portfolio of loans secured on care homes

Deal size: Confidential

Project Helios

This announcement appears as a matter of record only.

May 2015

EY advised Oaktree on the acquisition of a portfolio of German non- performing loans

Deal size: Confidential

Project Sun

This announcement appears as a matter of record only.

May 2015

EY acted as financial advisor to a property investor in relation to raising debt finance for the development of c.800 residential units

Deal size: c£70m

Project Castle

This announcement appears as a matter of record only.

December 2014

EY acted as sell side M&A adviser on the disposal of a portfolio of loans secured on care homes

Deal size: Confidential

Project Helios

This announcement appears as a matter of record only.

May 2015

EY advised Oaktree on the acquisition of a portfolio of German non- performing loans

Deal size: Confidential

Project Sun

This announcement appears as a matter of record only.

May 2012

SDIC

This announcement appears as a matter of record only.

April 2012

The Portman Estate

This announcement appears as a matter of record only.

July 2012

Project Harrogate

This announcement appears as a matter of record only.

August 2012

Uni-Invest

This announcement appears as a matter of record only.

September 2012

Battersea Power

This announcement appears as a matter of record only.

October 2012

EY acted as buy side M&A adviser inrelation to a UK NPL portfolio

Project Pivot

Deal size: £380m

This announcement appears as a matter of record only.

October 2012

EY acted as financial adviser inrelation to a refinancing of existingfacilities into RPI and Fixed rateground rent tranched financings

Wallace Estates

Deal size: £120m

This announcement appears as a matter of record only.

October 2012

EY acted as financial adviser inrelation to the restructuring of aportfolio of NCP car parks

NCP

Deal size: £800m

This announcement appears as a matter of record only.

January 2013

EY acted as financial adviser inrelation to the South Bank Centrerefurbishment

South Bank Centre

Deal size: £60m

This announcement appears as a matter of record only.

February 2013

EY acted as financial adviser inrelation to turnaround andrestructure of a major UK carehome landlord

Nursing HomeProperties

Deal size: £1.2bn

EY acted as sell side M&A adviser tothe lender of SDIC plc, a GermanResidential Investment Company

SDIC

Deal size: £1bn

EY acted as financial adviser inrelation to raising finance throughthe US Debt Private Placementmarket

The Portman Estate

Deal size: £125m

EY acted as buy side M&A adviser inrelation to a UK NPL portfolio

Project Harrogate

Deal size: £620m

EY acted as buy side M&A adviser toPatron Capital in relation to its‘credit’ back bid for Uni-Invest

Uni-Invest

Deal size: £360m

EY acted as sell side M&A adviser inrelation to the sale of BatterseaPower Station

Battersea PowerStation

Deal size: £400m

This announcement appears as a matter of record only.

EY acted as financial adviser to TerraceHill in its recommended acquisition ofUrban & Civic, proposed placing of£170 million of new primary capitaland admission to LSE

Terrace Hill

Deal size: £325m

May 2014

This announcement appears as a matter of record only.

October 2013

Opal Student

This announcement appears as a matter of record only.

Ongoing

EY is acting as independentfinancial adviser on the IPO of a UKresidential development lender

Project Upton

Deal size: £500m

This announcement appears as a matter of record only.

March 2014

Banner Homes

This announcement appears as a matter of record only.

Ongoing

EY is acting as sell side M&Aadviser on the disposal of aportfolio of real estate loans

Project Drive

Deal size: Confidential

This announcement appears as a matter of record only.

Project Riesling

January 2014

This announcement appears as a matter of record only.

Ongoing

EY is acting as financial adviser to aproperty investor in relation toraising debt finance fordevelopment of c.800 residentialunits

Project Castle

Deal size: c.£70m

This announcement appears as a matter of record only.

Ongoing

EY is acting as sell side M&A adviserin relation to the sale of two GradeA office buildings in Manchester

Project Youngster

Deal size: £300m

This announcement appears as a matter of record only.

September 2013

Project King

This announcement appears as a matter of record only.

Project Galway

July 2013

EY acted as sell side M&A adviser inrelation to a studentaccommodation portfolio

Opal StudentAccommodation

Deal size: £350m

EY acted as buy side M&A adviser toCALA Homes in relation to theacquisition of Banner Homes

Banner Homes

Deal size: £200m

EY acted as buy side M&A adviser inrelation to the acquisition of threeGerman residential (performing)loans

Project Riesling

Deal size: €200m

EY acted as financial adviser inrelation to the refinancing of aportfolio of industrial properties

Project King

Deal size: £210m

EY acted as buy side M&A adviser inrelation to the acquisition of aportfolio of loans secured on UKreal estate

Project Galway

Deal size: £250m

This announcement appears as a matter of record only.

July 2015

EY acted as buy side M&A adviser in relation to the acquisition of a trophy office building for an overseas investment fund

Deal size: c£230m

Project News

This announcement appears as a matter of record only.

Ongoing

EY is acting as strategic capital raising adviser to the manager for a programmatic joint venture investing into Irish commercial property

Deal size: €100m

Project Grafton

This announcement appears as a matter of record only.

July 2015

EY acted as buy side M&A adviser in relation to the acquisition of a trophy office building for an overseas investment fund

Deal size: c£230m

Project News

This announcement appears as a matter of record only.

Ongoing

EY is acting as strategic capital raising adviser to the manager for a programmatic joint venture investing into Irish commercial property

Deal size: €100m

Project Grafton