Real Estate Investment Consulting - Cityscape Global · Approved real estate evaluating company 4...
Transcript of Real Estate Investment Consulting - Cityscape Global · Approved real estate evaluating company 4...
Real Estate Investment Consulting
2
Frank WiesseDrees & Sommer Middle EastDirector Saudi Arabia
+966 50 47 23 [email protected]
➢ Introduction
➢ Project Management
➢ Finance Controlling
➢ Hotel-Hospital-Healthcare Project
▪ Real Estate Fund
▪ Program
Real Estate Investment Consulting
Real Estate Investment Consulting – Frank Wiesse, Director Saudi Arabia – 2017
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Challenges of Project Development
Introduction
How the Clientexplained it
How the Projectwas understood
How the Designerdesigned it
Real Estate Investment Consulting – Frank Wiesse, Director Saudi Arabia – 2017
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Challenges of Project Development
Introduction
How the Contractorconstructed it
What was the resultfor testing
What was readyfor handover
How the Client wasbilled
Real Estate Investment Consulting – Frank Wiesse, Director Saudi Arabia – 2017
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Challenges of Project Development
Introduction
What the Clientreally needed
Real Estate Investment Consulting – Frank Wiesse, Director Saudi Arabia – 2017
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Project Life Cycle
Project Management
Initiation
Planning I
Planning II
Execution & Control
Closing
Operation
Basic & StrategicPlanning
ExecutionPlanning
DecisionGate
DecisionGate
DecisionGate
DecisionGate
DecisionGate
Phase -1 Phase 0 Phase 1 Phase 2 Phase 3 Phase 4
Project Development
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Project Life Cycle
Project Management
Initiation
Planning I
Planning II
Execution & Control
Closing
Operation
Basic & StrategicPlanning
ExecutionPlanning
DecisionGate
DecisionGate
DecisionGate
DecisionGate
DecisionGate
Phase -1 Phase 0 Phase 1 Phase 2 Phase 3 Phase 4
Project Development
Real Estate Investment Consulting – Frank Wiesse, Director Saudi Arabia – 2017
Potential Investment Entry
62.50%
6.25%
9.38%
9.38%
3.13%
9.38%
Cost of building works
Main contractor's preliminaries
Main contractor's overhead & profit estimate
Project/ design team fees
Other developments cost
Imputed cost (risk & inflation)
* mid-size project assumed (SAR 200m < Base Cost < SAR 800m)
Finance ControllingBase Cost/ Budget Estimation*
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0%
2%
4%
6%
8%
10%
12%
14%
16%
18%
20%
Phase -1(Initiation) Phase 0
(Planning I) Phase 1(Planning II)
Phase 2(Execution &
Control)
Phase 3(Closing)
Finance ControllingCash Flow Forecast
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Jeddah - Obhur
Hotel-Hospital-Healthcare Project
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Jeddah - Obhur
Hotel-Hospital-Healthcare Project
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5Land deeds
6Governmental
Approvals
1Developer
8All requiremnts
fullfilled
2Approved real estateevaluating company
4Financial Model &CashFlow Charts
7Charted
Accountant3
Feasibility Studies
Real Estate Investment Consulting – Frank Wiesse, Director Saudi Arabia – 2017
Real Estate Fund - Requirements before Setup
Hotel-Hospital-Healthcare Project
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5Compliance Board
Members Nominees
6InvestmentStructure
1Fund Manager8
All fees paid to CMA
2Information
Memorandum
4Board Members
Nominees
7One/ two
Investment Banks3
Custodian
Real Estate Investment Consulting – Frank Wiesse, Director Saudi Arabia – 2017
Real Estate Fund - Requirements for Setup
Hotel-Hospital-Healthcare Project
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Design
Authority
Operator Assignment / Agreement
Tendering
Q4/16 Q2/17Q1/17 Q4/17Q3/17 Q1/18 Q2/18 Q3/18
Funding
Real Estate Investment Consulting – Frank Wiesse, Director Saudi Arabia – 2017
Today
Overall Program until Construction
Hotel-Hospital-Healthcare Project
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Design
Authority
Q4/16 Q2/17Q1/17 Q4/17Q3/17 Q1/18 Q2/18 Q3/18
Today
Revision& optimization design
Approval letters other authorities
Application Final Building Permit
Final Building Permit
Completion Detailed Design
Real Estate Investment Consulting – Frank Wiesse, Director Saudi Arabia – 2017
Milestone Program - Design
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Operator Assignment / Agreement
Q4/16 Q2/17Q1/17 Q4/17Q3/17 Q1/18 Q2/18 Q3/18
Signing MOU
Comments on actual design
Award Technical Consultancy by Operator
Signing Agreements
Real Estate Investment Consulting – Frank Wiesse, Director Saudi Arabia – 2017
Milestone Program - Operator
Today
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Q4/16 Q2/17Q1/17 Q4/17Q3/17 Q1/18 Q2/18 Q3/18
Funding
Private placement memorandum
Investment banks
Investment documents
Structure & Initial Fund
Closing joined stock company
Real Estate Investment Consulting – Frank Wiesse, Director Saudi Arabia – 2017
Milestone Program - Funding
Today
Hotel-Hospital-Healthcare Project
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Tendering
Q4/16 Q2/17Q1/17 Q4/17Q3/17 Q1/18 Q2/18 Q3/18
Award Enabling Package
Tender Enabling Package
Tender Documentation – Enabling Package
Tender Strategy & Structure
Foundation stone ceremony
Real Estate Investment Consulting – Frank Wiesse, Director Saudi Arabia – 2017
Milestone Program - Tendering
Today
Hotel-Hospital-Healthcare Project
Many thanks for your attention!