O2 Centre, Finchley Road, London, NW3

London - M25

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DBA advised Matterhorn Capital on the acquisition of the landmark leisure and shopping centre in the midst of the credit crunch for £92.50m. DBA delivered and secured the deal for Matterhorn whilst administering the loan in an extremely challenging funding market.

The investment market rebounded later in the year and continued into early 2010. DBA recommended a sale to capitalise on the strength of a perceived unsustainable market. A sale was negotiated direct with a major property company prior to the market falling back again.

The O2 was sold 12 months from acquisition, for a price of £126.25m resulting in a profit of £33.75m reflecting a return of 113% on equity.

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20 - 24 Carlton House Terrace, London, SW1

London - M25

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The long leasehold of Anglo Americans headquarters in Pall Mall was acquired by DBA on behalf of a joint venture with Credo and Investec for a price of £69.16m. During a weak investment market DBA recommended the acquisition, highlighting the opportunity to increase the recently outstanding rent review. The investment was secured by DBA against significant competition from other investors.

DBA assisted in the negotiation of the rent review which resulted in a 10% increase in rent. DBA were approached off the market by a major Fund to acquire the property and a complicated corporate sale was negotiated at a price of £85.00m reflecting a profit of £15.84m and a return of 72% on equity in 14 months.

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The Harpenden Estate, Harpenden, Hertfordshire

London - M25

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The estate was acquired off-market on behalf of a joint venture between Landview Properties and Galliard Homes Ltd for £8.90m.

DBA worked with the client on a variety of asset management issues including surrenders are re-lettings that provided substantial reversions within the estate. Since the acquisition, DBA advised that it was an opportune time to trade in the market. In conjunction with producing a high quality marketing brochure, DBA co-ordinated surveys of the properties that could be made assignable to an incoming purchaser and provided detailed generic appraisals to assist the due diligence process.

The Harpenden Estate was sold for £14.00m reflecting a 57% increase in value over a period of 16 months. The marketing brochure was a finalist for the PAMADA brochure awards.

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Lagonda Portfolio

UK

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The portfolio was acquired by DBA for £32.45m on behalf of Western Ridge Properties Ltd. A six month delayed completion was negotiated with the ability to sub-sell prior to completion. DBA’s detailed market knowledge and ability to react to a quick timescale ensured that the majority of the portfolio was sub-sold prior to the completion of the acquisition.

All properties within the portfolio were sold resulting in a net profit of £4.00m within an 8 month period.

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Centenary Court, Forster Square, Bradford, West Yorkshire

North West

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Centenary Court was acquired off-market on behalf of Credo Property Investments for £16.90m. The acquisition was complicated by a structural defect in the building. Working with specialist building surveyors under instruction, DBA negotiated and agreed a guarantee and retention from the vendor.

Once acquired, DBA were involved in complex negotiations with the Government tenant to extend the lease and to incorporate fixed rental increases.

The investment was subsequently sold off market for a price of £25.25m reflecting a net profit of £6.00m in 20 months.

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