Throughout the Europe, UK and Middle East Cubic3 inject momentum and innovation in complex accommodation and infrastructure projects through strategic, financial, commercial and technical leadership and a sustainable vision. The organization now is focused on sustainable investment in making the transition of social infrastructure lifestyle to Net Zero, through origination of a pipeline of transactions, development of technical and commercial solutions, backed by institutional funding.
In todays global economy, partnership procurements are recognized as one of the most efficient and effective means of procuring public infrastructure and service transformation. Cubic3 have operated in this field for nearly three decades and a team of experienced and recognized experts delivering infrastructure and programmes of investment across Europe and Middle East.
Cubic3 structure both equity and debt funding in PPP transactions working with stakeholders through legal, commercial negotiation and due diligence securing an efficient financial close.
In identifying market opportunities, Cubic3 work with potential investors structure successful teams to participate in P3 bids. This includes stakeholder and project analysis to develop competitive strategy well in advance of market launch.
Over the past two decades the team at Cubic3 have delivered a significant many complex infrastructure projects on behalf of both Public and Private sectors
The team in Cubic3 have worked with Governments Departments and Local Authorities initiate, incubate and deliver award winning procurements. These not only have delivered enhanced public services but created significant efficiencies for the organisations involved.
Cubic3 are leading thinking in negotiation of existing PPP contracts creating enhanced relationships between partners. There are significant benefits of independence in facilitating the negotiations and commercial analysis.
Cubic3 are working with funders and advisors in the technical and commercial due diligence of investments. We manage Due Diligence for Funders offering Senior Debt to a PPP (Legal, Financial and Insurance). We understand the commercial drivers from a funders perspective. We have extensive experience across sectors like health, waste, student accommodation, service stations, education and justice.
At Cubic3 we appreciate the complexity of delivering the projects after Financial Close. After the bid stage team has completed the transaction, and the project evolves to construction phase, our professional, commercial and technically qualified personnel act to protect the interests of the Investors, Funders and the Authority in ensuring the projects objectives are interpreted and secured.
After the commissioning process, we manage the transition to achieve an efficient operation of service, including negotiation and setting up of SPV governance and reporting.
Cubic3 are already advising significant public and private sector clients in variations and renegotiation of existing contracts. This advisory work includes benchmarking and market testing services.
Recent Projects
Community Nursing Unit PPP €120m
Social Housing PPP €125m
Both Public & Private Stakeholders now realize the benefit of optimizing commercial operations of their businesses and rationalize their assets.
Many organisations have evolved over a period of time and not maintained sufficient audit and knowledge of assets. Cubic3 have worked with many clients in detailed analysis of their estate and assets including title review to assess optimization of their estates strategy.
The team at Cubic3 has had extensive experience in working on asset realization strategies including feasibility and disposal justification. This experience has been on a regional or strategic site basis for public sector identifying surplus asset and enhancing value through mechanisms and investment vehicles.
Cubic3 currently advise on public sector assets such as land, buildings and intellectual property, which are needed to deliver core services. The Wider Markets Initiative is a government policy designed to encourage the more intensive use of such assets through the development of new, non statutory goods and services which are sold on a commercial basis. The more efficient use of public assets that results helps the public sector to reduce its cost base and improve its skills base.
Our team is multi-disciplined, with a strong background in design, finance and delivery. Our feasibility study experts provide a comprehensive and our studies cover issues, as relevant, such as:
assessment of need;
demand analysis;
development options;
site selection and assembly;
planning appraisals;
concept formation and masterplanning;
cost assessments;
funding strategies;
procurement strategies; and
Partnership vehicles and mechanisms.
We are experts in the forensic review of existing assets and businesses in dissecting current operations. Our recommendations allow clients to make strategic decisions and implement changes to create further value and profitability. This can also assist in restructuring.
Recent Examples
For two decades the team at Cubic3 has been providing advice and consulting services at strategic, policy and operational levels. This has been at Ministerial and Board level within respective public sector and private sector organisations. In 2010 alone we provided advice, leadership, governance and assurance on capital projects of a value in addition to €6bil.
We are committed to creating value for our clients and partners by:
Working collaboratively with them
Developing a deep understanding of their needs and aspirations
Providing bespoke solutions
Being accessible and responsive with integrity
Adding value
Our service is underpinned by an emphasis on knowledge, research, qualifications, challenge and professionalism.
In addition to business justification and planning, we add value by utilising a powerful mix of sector experience, innovation, creativity and a rigorous, evidence-based research.
Our advisory specialisms include:
Business process improvement
Programme and portfolio management
Strategic procurement
Business cases
Supply chain management
Performance management
Benchmarking & market testing
Change management & leadership
Mentoring and coaching
Expert mediation & facilitation
Recent Examples
National Centre of Privatization & PPP – Saudi Arabia
Financial and commercial advice in developing a pipeline of PPP investments as part of 2030 Vision programme.
Dublin Criminal Courts PPP
Cubic3 are currently carried out the Post Project Evaluation and recommendations to Irish Government on the Dublin Criminal Courts PPP project completed in January 2010.
Victoria Square Development
Our team lead the Post Project Evaluation of the €300m city centre, retail led regeneration project. This includes recommendations for future regeneration projects in Belfast City Centre
Department of Justice & Law Reform Capital Appraisal
Our team completed the 2010 review of all capital investments under the control of Department of Justice & Law Reform. This assurance and support role included strategic review of projects of a value in excess of €2.3bil.
Cubic3 are structuring, developing and leading investment a number of sustainable social accommodation investments. It is recognized that in delivering public sector services over the next decade, the public sector will be confined to budgetary constraints. This has meant many services will not achieve the necessary investment to meet public needs. Cubic3 are working on a range of projects to invest directly in affordable housing, extracare, primary care, renewables and leisure sectors.
We act as lead sponsor and developer of projects and programmes. The Cubic3 team has had collective responsibility of origination, concepts, project incubation and delivery with value of more than €15billion globally.
Cubic have sustainability as core objectives and deliver schemes that are either recycling legacy buildings or Net Zero MMC new build. Cubic’s Net Zero model has been developed in association with Cambridge University and further evolution to a lifestyle model.
Examples
Madison Lofts, Belfast
Parklands, Chertsey
Holyrood Lofts, Edinburgh
To find out more about Cubic’s work contact:
Roger Alexander (Managing Director)
rogerdalexander@cubicthree.com
T: +44 (0)7733364739