Can you present the business of M & A in Real Estate and its differences with the classic M & A?
The business is similar to "classic" Best business office location in Lahore,
with mergers, acquisitions, divestitures, capital increases and other financing
transactions.
The main difference with the classic M & A lies in the
fact that we work:
with different land actors, developers, hotel groups
on different assets: shopping centers, office towers, hotel
portfolios
with financial aggregates specific to the Real Estate: we
reason in terms of rents and not turnover, in terms of occupancy rates or
"Net Asset Value". Comparatives are established based on the
capitalization rate and not multiples of EBITDA
What were your motives for applying for an M & A position in Real
Estate?
I did not have any particular desire to work in real estate,
I wanted above all to have a first experience in investment banking. By
accepting this internship, I told myself that 6 months in a sectorized team
would allow me to acquire a real expertise in a trade, which is a significant
asset. In the end, I find this industry very interesting in the sense that we
work on very different issues depending on the asset class (residential,
lodging, office, logistics, retail). It's an excellent training and then move
to the corporate side!
Finally it is one of the few sectors where we work on
"corporeal" assets: I was fortunate during my internship to realize
the sale and inauguration of one of the largest shopping centers in Paris!

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