Development Equity
Equity capital alongside experienced sponsors for development and redevelopment projects.
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EQUITY & JOINT VENTURE
Equity & Joint Venture
Strategic equity and joint venture capital solutions for real estate acquisitions, developments and value-add opportunities across European markets.
Capital beyond traditional debt
Not every real estate transaction can be optimally financed through senior debt alone. Development projects, acquisitions, repositioning strategies and complex transactions may require additional equity or a joint venture capital partner.
KSCG advises sponsors, developers and professional investors on structuring equity and joint venture solutions alongside the appropriate debt financing.
Our role is to assess the capital requirement, structure the transaction and approach suitable institutional, private and alternative capital providers.
Applications
Where equity and joint venture capital is used
Acquisition Capital
Equity for acquisitions where additional capital is required alongside senior or structured debt.
Value-Add Strategies
Capital for assets requiring repositioning, refurbishment, lease-up or active asset management.
Co-Investment
Structures allowing sponsors and third-party capital partners to invest alongside each other.
Portfolio Transactions
Equity support for portfolio acquisitions and multi-asset investment strategies.
Growth Capital
Capital supporting experienced sponsors seeking to increase transaction capacity across multiple projects.
Capital Structure
Different forms of equity participation
The appropriate equity structure depends on the transaction, sponsor contribution, risk profile, return expectations and the required level of investor participation.
Investment Considerations
Key equity considerations
Sponsor Track Record
Relevant experience in delivering comparable projects, investments and exits.
Sponsor Commitment
The amount of sponsor capital invested and the alignment of interests with the incoming equity partner.
Business Plan
The strategy for development, repositioning, asset management and value creation.
Return Profile
Expected returns, cash distributions, profit participation and investment horizon.
Governance
Decision rights, reserved matters, funding obligations and control arrangements between the parties.
Exit Strategy
The proposed route to realise value through sale, refinancing or another defined liquidity event.
Our Approach
Aligning sponsors with the right capital partner
A successful joint venture requires more than simply finding an investor. Economics, governance, timing and strategic objectives must be aligned from the outset.
KSCG supports the process from initial capital assessment and structuring through investor selection, commercial negotiations and execution.
Analyse
Review the transaction, sponsor profile, capital requirement and investment strategy.
Structure
Determine the appropriate equity, economics and joint venture framework.
Source
Identify and approach suitable institutional, private and alternative equity providers.
Execute
Coordinate negotiations, due diligence, transaction documentation and closing.
Markets
European equity and joint venture capital
Netherlands
Equity and co-investment opportunities across development, investment and value-add real estate.
Spain
Joint venture and equity capital for domestic and international sponsors across Spanish markets.
European Markets
Cross-border capital through institutional, private and alternative investment relationships.
Discuss an equity requirement
Speak with KSCG about equity, co-investment or joint venture capital for your real estate transaction.
Discuss a transaction→