Future-Proofing an Architectural Icon

As part of the acquisition of the Lombardhaus in Hamburg’s historic Rathausquartier, TA Europe carried out a comprehensive Technical Due Diligence combined with an integrated ESG assessment for REInvest Asset Management S.A..

The Grade A property, located in Hamburg’s historic city centre in close proximity to HafenCity, offers approximately 6,760 sqm of lettable space and is predominantly used as an office asset, complemented by retail and storage areas.

TA Europe’s scope included an assessment of the building’s structural condition, a CAPEX analysis, review of statutory compliance, technical review of the purchase agreements, determination of demolition and reinstatement costs, and the preparation of a property insurance questionnaire. The ESG scope comprised a focused ESG assessment including a CRREM-based stranded-asset screening, the definition of decarbonisation measures with cost indicators, and an internal environmental due diligence.

The fully integrated approach across TDD, EDD, and ESG enabled consistent data evaluation and the early consideration of sustainability-related factors within the investment case—supporting a well-founded acquisition decision and the asset’s long-term risk management.