- The private equity real estate fund manager Henderson Park has acquired the residential development and operating platform GBI Holding AG.
- TA Europe has supported Henderson Park with a thorough CAPEX analysis of selected development projects led by GBI, thus supporting the transaction.
Berlin, 3 May 2023 – The group’s future focus will be on sustainable and ESG-compliant real estate projects – in the areas of subsidized and private housing, hotels as well as serviced apartments, student housing and senior living concepts under its established SMARTments brand.
TA Europe was commissioned by Henderson Park for the technical due diligence part of the process, which revolved around the review of selected development projects of GBI.
“In many aspects, this has been more than the typical portfolio due diligence”, says Thomas Krüger, Associate Director at TA Europe, who has been responsible for designing, developing and implementing the entire analysis and evaluation concept as well as for the supervision of this project. “At the request of our client Henderson Park, we created a unique concept to make it possible to analyse and evaluate each project individually, defining the whole structure and relevant risk parameters together with the client at the beginning of the project.”
“TA Europe’s key achievement was to break down the risks of very different projects into individual categories and then to bring them together again at a meta-level to make them comparable”, says Robert Hellerschmied, Head of Germany at Henderson Park. “TA Europe exceeded our expectations of coming up with a comprehensible matrix and analysis, tailored to our individual needs, and thus helped us close this complex and dynamic transaction in a coordinated manner.”