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  • August 2003 (Revised March 2004)
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Waltz on the Danube

By: Arthur I Segel, Vincent Dessain and Anais Loizillon
  • Format:Print
  • | Language:English
  • | Pages:23
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Abstract

Describes the intricate parts of an early real estate deal from the standpoint of the developer including feasibility analysis, market choice, acquisition of land, project development, design and construction issues, investment returns, and equity financing issues. Thirty-two-year-old Dr. Philipp von Wilmowsky is director of Hungarian operations for ECE Projektmanagement, a German real estate development conglomerate. He has been working for two years on the development of a 30,300 square-meter (m2), 75 million Eurodollar shopping project located in the city of Gyor, Hungary. Allows students to analyze the viability and attractiveness of the project and perform calculations on project returns (including co-investor returns), cost analysis, sensitivity analysis, composition of leasing revenues, and loan structuring.

Keywords

Joint Ventures; Management; Property; Project Finance; Real Estate Industry; Germany; Hungary

Citation

Segel, Arthur I., Vincent Dessain, and Anais Loizillon. "Waltz on the Danube." Harvard Business School Case 804-021, August 2003. (Revised March 2004.)
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About The Author

Arthur I Segel

Finance
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Related Work

    • August 2003 (Revised March 2004)
    • Faculty Research

    Waltz on the Danube

    By: Arthur I Segel, Vincent Dessain and Anais Loizillon
Related Work
  • Waltz on the Danube By: Arthur I Segel, Vincent Dessain and Anais Loizillon
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