- TA Europe’s portfolio experts have been involved in 3 top real estate transactions in 2021.
- Once again, TA Europe has given technical due diligence advice to the most renowned investors and contributed to the most prominent deals.
- The total deal value amounts to 1.8 billion Euros.
Essen, 26 January 2022 – In 2021, TA Europe once more contributed to the most renowned commercial real estate portfolio transactions, according to the latest ranking by Thomas Daily. The volume of the three deals, where TA Europe was involved as a technical advisor, amounted to € 1.8 billion Euros in total. The year before, TA Europe had been consulted for technical advice in two of the twelve largest deals of the year, with a total value of 1.2 billion Euros.
The portfolio which ranks seventh on Thomas Daily’s top deal list comprises office and residential assets in Berlin and Potsdam. TA Europe supported the buyer Blackstone on the acquisition with technical and environmental due diligence services of the complete portfolio. According to Thomas Daily, the portfolio sold for 800 million Euros.
Munich’s iconic office tower ‘Uptown’ and ‘Campus C’ rank tenth on the list of 2021’s top deals: investor and asset manager DIC purchased the property from GIC for 635 million Euros, reportedly. TA Europe supported this deal as part of the Vendor advisory team, thereby enabling the successful sale of the tower and the adjacent ‘Campus C’ office building. ‘Uptown’ is the tallest building in Southern Germany with over 52’000 floor area. TA Europe had also been advising the former owner GIC as part of the landlord’s technical representative and in a technical asset management role, alongside property manager Montano.
Last but not least, investor Patrizia has sold a portfolio of twelve retail parks to asset manager MEAG – a deal which ranks sixteenth on Thomas Daily’s top deal list, with a reported value of 400 million Euros. TA Europe was commissioned to carry out the portfolio due diligence of the assets, whose lettable areas range from 4,000 sqm to almost 35,000 sqm – with tenants including well-known retailers like Edeka and Kaufland. The scope of TA Europe’s services covered the detailed review of the relevant technical documentation in the data room, site inspections of the properties and the thorough technical risk appraisal as part of the reporting.
“Analysing our clients’ real estate portfolios, improving the value of their built assets and making sure their deals give them the intended returns remains our priority number one”, says Sebastian Frohwann, Partner at TA Europe. “We will continue working hard to support our clients with their large volume deals also in 2022.”