Essen, 18 February 2021 – In 2020, TA Europe contributed to two of the twelve largest commercial real estate transactions, according to a Thomas Daily ranking. The volume of these two deals, where TA Europe was involved as a technical advisor, amounted to € 1.2 billion Euros in total.
The ‘Matrix’ portfolio , which ranks fourth on Thomas Daily’s top deal list, comprises 33 retail logistics assets. TA Europe supported the buyer, P3 logistics parks, a developer of European warehouse properties, which is fully owned by GIC, Singapore’s sovereign wealth fund. The portfolio covers 650,000 sqm of space with assets in major German towns including Berlin, Dortmund, Nuremburg, Hamburg, Hanover, Cologne, Dresden and Leipzig. TA Europe supported P3 in the course of the technical due diligence of the complete portfolio.
The ‘Prime Four’ portfolio, a residential portfolio with four properties, was acquired by German investor REAL I.S., a subsidiary of the Bayern LB. TA Europe carried out the full technical due diligence of the four properties, which are located in prominently in Berlin, Dresden, Frankfurt am Main and Cologne and have been built in 2015 and 2016. More precisely, the portfolio consists of “Quartier Alexander” in Berlin, close to Alexanderplatz and Hackescher Markt, the “Prager Carrée” in Dresden, located in Seevorstadt-West, the high-rise building “Westside Tower” in Frankfurt and the “Merheim Ensemble” in Cologne.
“We are grateful for having once again been the trusted consultant to top investors in 2020, who chose us to support them during complex real estate transactions”, says Sebastian Frohwann, Partner at TA Europe. “Further to helping our clients close high volume deals, we managed large projects, improved the value of built assets and enabled our clients to receive the desired returns. To support our growth, we managed to recruit new consultants as well as support staff – so we have the perfect set-up to serve our clients through 2021.”