Real estate

CFO advisory

Using our insights into the challenges and opportunities in the real estate sector to help its CFOs and finance teams solve important problems:

• Finance transformation and strategy;
• Finance function diagnostics and uplift;
• Process optimisation; and
• Finance system implementation and support.

Sustainability reporting and assurance

• Support in building out and providing assurance over sustainability reporting including identifying the ESG topics and metrics that are material to a real estate owner or manager in achieving its core strategy and to creating long-term value to help prioritise reporting efforts. 
• Assistance with climate modelling tools, technologies and climate change projection data to provide a view of likely threats that could have material impact.

Digital trust

• Support in your digital transformation journey, assessing the big picture, sharing our learnings, and helping to identify, manage and monitor the most significant risks and opportunities, so that your transformation achieves its potential.
• AI Trust, PwC helps organisations build trust in AI through safe, responsible and innovative practices that drive growth.

Advisory and transaction support

• Provision of tax advice across a broad range of matters, including AREITs/stapled securities, Div 6C, MIT rules, financial instruments/withholding tax, property funds management/wholesale funds, general corporate tax/consolidated groups etc
• Our real estate tax advice capability is broad, and covers not only income tax matters, but stamp duty/land tax, GST and transfer pricing. 
• Comprehensive due diligence support including acquisitions, disposals and mergers of investments/ units
• Review of transaction documents from tax perspective
• Tax advice on Australian tax issues, tax treaties and model tax commentaries
• Risk assessments to evaluate tax risks associated with transactions & holdings.

Tax compliance

• Tax compliance assistance, including fund distribution reviews and tax return processes.
• At PwC, our income tax compliance services are provided via PwC inhouse developed automation software (Tax Automate) that enhances & streamlines compliance capabilities through technology-enabled tax solutions (tax returns and distribution reviews). 
• Tax accounting support with processes involving deferred tax calculations and compliance with financial reporting standards.

Transaction support: Sale and purchase agreement review

Review of SPA/USA documents to ensure that key financial and accounting due diligence findings are correctly captured and reflected to mitigate leakage, including:

• Financial definitions or accounting policies, which are subject to ambiguity and discretionary interpretation;
• Purchase price adjustments which are not subject to recognition in accordance with Australian Accounting Standards (e.g. outstanding capex)
• Cash accounting for make good, sinking fund or outgoings contributions received from tenants.

Transaction support: Settlement statement

A settlement statement review (either completion accounts or completion statements) is required for both holding vehicle or asset acquisitions. 

Our review will focus on ensuring the preparation is consistent with the sale & purchase agreement and presents fairly and reasonably the working capital positions, relevant to the transfer, as at settlement.

Real estate valuations and advisory: Advisory

• Asset due diligence
• Portfolio and asset strategy
• Highest and best use analysis
• Development feasibilities
• Market research and benchmarking
• Identifying, targeting and evaluating real estate opportunities