|
|
|
 | News |  |

A full range of services
| |
- Advisory services relating to mergers and acquisitions, development strategy, etc.,
- Debt products: corporate and structured finance, asset-backed financing, syndication, etc.,
- Interest-rate products such as swaps and derivatives,
- Asset/liability and tax engineering for deconsolidation and other purposes,
- Global securitisation services for single-asset Residential Mortgage Backed Securities (RMBS) or through Commercial Mortgage Backed Security (CMBS) conduits.

An overall approach to the Real Estate and Hotel sector
| |
We have a team of 170 individuals worldwide, and in order to understand and meet client needs as closely as possible, we run local operations in many countries:- In the United States with real estate, hotel, homebuilders and gaming specialists,
- In Western Europe, notably in the United Kingdom, France, Spain and Italy. We are also adding a specialised real estate and hotel team in Germany,
- In Central Europe in Prague, Warsaw and soon Budapest,
- In Asia our base of operations is in Hong Kong with units also based in Singapore, Tokyo and Sydney.
Senior Bankers are assigned to each of our clients for their global activities and are able to direct them to Calyon's various areas of expertise. As a result, we can follow clients' real estate projects throughout the world. For example, this has been the case with Westfield, Australia's shopping centre leader, for which we were able to finance the 2006 acquisition of four property portfolios in England in very short time. Currently we are working with Westfield on securitising these portfolios based on these assets and are assisting them in their developments in the United States.

Acknowledged expertise
| |
Calyon is one of only a small number of banks that offers:- An integrated approach to client needs,
- Tight coordination at international level but with local expertise,
- The ability to structure transactions based on real estate and hotel cash flows.
In September 2006, this approach received official recognition from Euromoney, which ranked us first among real estate commercial banks in France and Spain and second among investment banks in these two countries. Calyon is ranked in the top five in other countries in Europe and Asia and fourth among real estate banks worldwide.

Major client references
| |
For the past two years, we have arranged or co-arranged mandates in major real estate deals worldwide.
In 2006, we have had numerous successes including:
Calyon also played a leading role in the main real estate and hotel deals in 2005 , including the acquisition of the French listed property company Gecina by the Spanish property company Metrovacesa, the securitisation-based refinancing of KLM's head office, and notably arranged the largest hotel financing deal in Asia, winning recognition from FinanceAsia, The Asset (Triple A Awards 2005), Euromoney Project Finance and Asiamoney.

|
|





  Thierry Simon, Global head of the Real Estate and Hotel group of Calyon's Structured Finance division
|  |