Logistics at Frankfurt Airport: Pricing Technical Risk Before Acquisition

Before acquiring an approx. 23,000 sqm logistics property in Cargo City South at Frankfurt Airport, Montea needed a clear answer to one question: what does this asset really cost – today and in the years ahead? The project comprises two office buildings and two warehouses, is fully let to Worldwide Flight Services (WFS) and offers direct airside and landside access.

TA Europe’s Technical Due Diligence provided that answer on four levels. First, our team assessed the condition of each building individually, covering structure, façades, roofs, MEP and fire safety across both construction vintages.

Building on this, we developed a 10-year CAPEX roadmap. Every measure was quantified and assigned to short-, medium- or long-term action, clearly separating urgent repairs from lifecycle costs such as ETICS coating, roof waterproofing, loading dock equipment and heating systems.

Our assessment also looked beyond today’s compliance. We mapped the regulatory obligations already on the horizon, including EV charging infrastructure under GEIG from 2027, building automation requirements by the end of 2029, bio-fuel requirements for future gas boiler replacements from 2029 and F-Gas rules for the existing cold storage system.

Finally, we reviewed permits, documents and areas. Permits were traced back to 2002, parking conformity was verified and gross floor areas were checked against leased areas. Where test certificates were missing, we recommended making their delivery a contractual obligation of the vendor.

The result: technical risks were identified, priced and turned into concrete negotiation points. Montea received a decision basis covering both the current condition of the asset and its future regulatory costs. The transaction was carried out in close collaboration with Logivest GmbH and Gowling WLG.