Real estate projects incur significant start-up and ongoing operating costs. Savills Incentives practice helps to offset these costs by maximizing financial support from public-sector agencies.
These incentive packages can be worth substantial sums, sometimes in the tens of millions of dollars, but organizations that lack effective advisors often leave this value “on the table.” Our advisors have negotiated incentive packages that have yielded close to $600 million in value for our clients.
We offer a comprehensive suite of incentive services, including:
Incentive Strategy, Deal Structuring and Negotiation
We develop innovative incentive strategies and execute them by applying time-tested RFP and negotiation processes to achieve the most beneficial deal.
We evaluate available subsidies on a program-by-program and comparative basis, so that our clients can understand the true value of public sector incentives in relation to the overall business cost structures in each location.
We help to change or write new legislation to support client needs, in collaboration with its team, counsel, and advocates.
Documentation and Post-Deal Administration, Audit and Compliance
We provide detailed documentation to ensure our clients' benefits and responsibilities are consistent with the agreements made during negotiating and structuring.
We help clients administer and maintain ongoing compliance and incentive commitments.
Renegotiation and Restructuring
Our team can also assist in altering incentive agreements to reflect changes in economic and business conditions.