Patrimony Companies

Buying or selling Patrimonial Companies and the assets they contain.

Through our unparalleled network of wealthy buyers of patrimonial companies, De Kempe manages to combine the best price with the most advantageous structure in terms of transaction security.

Our procedure in 5 steps

Introduction

We get to know you and your real estate portfolio which is contained in 1 or more patrimony companies. We look at different types of real estate and identify the strengths and weaknesses of each company and of each property. For example, it may be desirable to keep track of certain properties, it may be important to have the prospect of real estate reinvestments or not, you may prefer to take into account the strategy of certain tenants when selling, etc... We therefore strive to provide all the right preconditions, such as timing, in order to start the sale of the patrimony company in the right climate.

Analysis & pricing

In a second phase, we will subject your portfolio to a more in-depth analysis. First, we determine price of each individual property. We take into account the current state of the building as well as future possibilities. We then analyze the fiscal impact on net income of the sale of the shares, on the one hand, and the "sell-out" of the property from the company, on the other. Of course, we also take into account the current credit terms, the settlement of current accounts as well as the latent capital gains. Previous steps will serve as a solid strategic basis to determine pricing as well as the most favorable exit strategy.

Commercialization and bidding

After thorough preparation, we are ready to discreetly approach the right buyers for your patrimony company. We put the various bids side by side and subject them to a comparative examination. In doing so, we wish to combine the highest net share price with the least restrictive conditions.

Due diligence

The most favorable bid we will grant an exclusivity so that an examination of the books (i.e. due diligence) is carried out. We will facilitate due diligence by making all documents available to the prospective buyer in a central location. During a red flag meeting we address any potential issues for which we then structure a solution so that there are no loose ends and parties can get ready for the final handover.

Transfer

The entry of the new owner in the share register is accompanied by the transfer of the price.

Title

The entry of the new owner in the share register is accompanied by the transfer of the price.

1. Screening

Property portfolio overview
High-level analysis of leases & financial statement(s)
Discussion of strategic considerations
Financial analysis: Asset deal vs Share deal

2. Site visits

Comprehensive site visits to real estate assets

3. Determining property value

Detailed analysis of occupancy agreements and cash flows
Appointing of independent estimator
Pricing the property

4. Determining share price

Activating accountant
Impact of tax on stock price

5. Creation of sales file

Appointing of professional photographer
Formatting of attractive, watertight commercial dossier

6. Formatting data room

Appoint an independent legal advisor
Inventory and digitization of available data

7. Sales process

Approach real estate and capital market if on- or off-market procedure chosen

8. Evaluation of bids

Comparison of bids
Combination highest price & least restrictive conditions

9. Due diligence

Activating legal advisor
Red flag meeting
Possible structuring solutions

10. Transfer

Transferring the price
Share register registration

Portfolio Check

Structure of real estate assets

Financial plan for purchase

Sale and leaseback

Urban planning analysis

Development potential analysis

Off-market opportunities

Investment / residential purchase order

Patrimonial Companies

Tenant representation / Stay-or-move analysis

Interested in discussing purchase or sale of patrimonial companies?