Corporate real estate

The principal corporate documents required for a corporate real estate (CRE) joint venture transaction involving the development of a property are:

•
the joint venture agreement (JVA), and
•
the articles of association (articles) of the joint venture company (JVC)

Additional documents that will be required are:

•
the property sale agreement
•
the development funding agreement
•
development management agreement

Property joint ventures

A property development joint venture allows the parties to it to:

•
share risk and also to place specialist risk with the relevant joint venture party, eg placing such risk with a developer
•
gain access to specialist experience and knowledge from a party with specialist market experience outside of its own normal course of business
•
combine specialist knowledge, expertise and resources to leverage the scale of a party’s usual operations in order to achieve greater returns or liquidity

For further information on the key considerations relevant specifically to structuring property joint ventures, see Practice Notes:

•
Property Joint Ventures—general issues
•
Property Joint Ventures—choosing the right structure
•
Types of development structures

For

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