Overlooking corporate real estate can put merger and divestiture deal value at risk

Douglas Gottschalk, Michael Golichowski and Eva Heddergott
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Douglas Gottschalk: Principal, Ernst & Young LLP, USA
Michael Golichowski: Senior Manager, Ernst & Young LLP, USA
Eva Heddergott: Manager, Ernst & Young LLP, USA

Corporate Real Estate Journal, 2020, vol. 9, issue 4, 299-316

Abstract: This paper is authored by lifelong corporate real estate (CRE) advisers who have spent years involved in major corporate transactions including mergers and acquisitions (M&A) and divestitures. The paper explores the basics of M&A and divestitures and why real estate is a crucial variable but often overlooked. The paper explores why many investment bankers, corporate development departments and transaction advisers ignore real estate and what it takes to get it on their agenda. It also shares the process and tools for real estate verticals within a deal. Real estate can drive significant value during M&A and divestitures but neglecting it during the deal process can put that value at risk.

Keywords: M&A; mergers; divestitures; portfolio strategy; transactions; optimisation (search for similar items in EconPapers)
JEL-codes: R3 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:aza:crej00:y:2020:v:9:i:4:p:299-316

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