Swiss Life Asset Managers, leading real estate manager in Europe, bought the 187,967 sqm logistics portfolio from global investor Barings. TA Europe advised Swiss Life Asset Managers and carried out a Technical Due Diligence plausibility check on behalf of the buyer for all of the ten properties. Essen, 7 September 2021 – Swiss Life Asset … Read more
TA Europe has an extensive track record in the logistics and light industrial property sector. We have provided TDDs for single logistics centres or pan-European portfolios and made sure that our clients could maximise the value from each deal. Our services include finding workable solutions for managing exceptional risks and potential ‘deal breaker’ issues by controlling the major risks or establishing smart capex plans, developed to ensure cover for potential higher liabilities and repair issues in the future.
We find from our experience that common technical risks in logistic property transactions are:
- Lack of fire protection or relevant statutory compliance
- End of life cycle and poor water tightness of large roof areas
- Lack of flexibility in terms of alternative usage (such as multi-tenant)
- Floor cracking and structural damage from traffic impact
- Extensive wear and tear in older logistic and warehouse properties
TA Europe has provided TDDs of logistics centres in 10 European countries, with specialist teams comprising senior property professionals with international logistics sector experience, as well as local experts, to deliver tailor-made solutions every time.
Our project and cost management team has been involved in new build and expansions of logistic center properties. Very often we are asked to support our clients in helping to remove the maintenance backlog of recently purchased buildings, support in managing the repair and refurbishment works, as well as other improvements or even conversions. With the help of cost benchmarks, we are able to set up a business plan for the project, which helps to generate more income and higher value of the logistic center properties.
TA Europe also understands the operational aspects of logistics centres and implements the improvement of the asset performance and life cycle costs into the respective cost plans. We support owners at getting poorly performing logistics centres back on track through reducing operational costs and optimising the life cycle of the elements and installations.
Recent logistic projects
The global real estate investor Patrizia has sold a 43,200 sqm logistics site to investment company Fidelity International. TA Europe was commissioned to carry out the Vendor Technical Due Diligence on behalf of Patrizia. Essen, 31.08.2021 – Fidelity International acquired the property for its logistics fund, which post-purchase amounts to approximately 200,000 sqm of rental … Read more
Essen, 21 July 2021 – TA Europe has advised pan-European investment manager Europa Capital on the sale of eight German properties of an urban logistics and warehouse portfolio. The complete portfolio with 38 properties in total changed owners for €270 million and has been acquired by Arrow Capital Partners’ platform Strategic Industrial Real Estate (SIRE). … Read more
Berlin, 4 March 2021 – Private placement group MARCOL and alternative investment firm Angelo Gordon have announced a new joint venture in the German self-storage market, Space Plus, headed by Russell Jordan, with plans announced to invest EUR 250 million in off-market opportunities across Germany. TA Europe is very pleased to be involved supporting Space … Read more
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 … Read more
Munich, 25 May 2020 – TA Europe acted as technical advisor to pan-European investment manager Europa Capital on the purchase of a portfolio of three logistics assets in north-western Germany, acquired from private ownership. The assets cover a total floor area of 42,600 sqm. TA Europe carried out the full technical due diligence of the three properties, which are located in prominent logistics … Read more
Munich, 18.03.2020 – TA Europe has carried out the technical due diligence of the logistics property “Erfurt II – Last Mile Distribution Center” for AEW Invest GmbH. The investment company acquires the property from the project developer GIEAG Immobilien AG. The closing of the transaction will take place in March 2020. The long-term tenant is … Read more
TA Europe is continuing to extend its wealth of technical expertise in the light industrial and logistics sector through having provided pre-acquisition Technical Due Diligence services to Europa Capital, the pan-European real estate investment manager, along with its joint venture partner, Garbe Industrial Real Estate (“Garbe”), on the acquisition of a light industrial and logistics … Read more
TA Europe has conducted Technical Due Diligence for Hoppegarten Property s.à.r.l. of the ‘Gewerbe- und Logistikpark Hoppegarten’, a logistic park located on the eastern periphery of Berlin, which comprised 13 logistic or office buildings, as well as a development site, on a total land plot of ca. 250,000 sqm (57.5 acres). The buildings comprise of … Read more
TA Europe is continuing to extend its technical expertise track record in mainland Spain, through providing pre-acquisition Technical Due Diligence services on two new downtown locations in Barcelona for Bluespace, the leading self-storage operator in Spain. The TA Europe team, which includes first language Spanish speakers based in Berlin and longstanding architect and MEP expert … Read more