Munich, 28 July 2022 – In construction projects, some investors are well aware that a lot of unpredictable things can happen– and yet, the investors are the ones who need to make sure their project becomes a success. This means that their individual goals are met – e.g. that the building project is completed with … Read more
TA Europe has an extensive track record in the office building sector. In several transactions of single office buildings or pan European office portfolios we provided TDDs for vendors and buyers and made sure that our clients could generate maximum value from the deal. We help to manage so called deal breakers in a way that either a technical solution is developed to control the major risks or a smart capex plan is developed to cover for higher damages in the future.
We find that major risks in office building transactions are
- Lack in fire protection or relevant permits
- Lack of flexibility to comply with changes tenant requirements
- Lack of transport capacities of existing elevator systems
- Lack of capacities in heating and cooling
- Structural issues with the facade
- Damages concrete in underground parking floors through salt and carbonatisation
- Local regulation issues
TA Europe has provided TDDs of office buildings in 18 countries of Europe and always works with international as well as local specialists to handle above mentioned risks.
Our project and cost management team has been involved in new built and refurbishment of office buildings. Very often we are asked to support our investor clients in helping to get new purchased buildings up to speed again, managing the repair and refurbishment works as well as fittin out the office and expansions. 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 buildings.
TA Europe also understands the operational part of office buildings and includes improvement of the asset performance and life cycle costs into the cost plans. Sometimes it is necessary to convert buildings to implement the improvement plan, the most popular relevant example is the conversion of a completely empty office building in Düsseldorf to a modern residential block, which is now fully rented out.
Recent office building projects
LUWIN has acquired the residential and commercial building at Munich’s Marienplatz for the ‘Versicherungskammer’. TA Europe carried out the complete technical due diligence on behalf of LUWIN and provided an ESG report of the property as well as an assessment with regard to the EU Taxonomy and Disclosure Regulation. Munich, 21 June 2022 – The … Read more
Real I.S. has acquired the office and residential building complex ‘Eiswerk’ from the Berlin developer Trockland. TA Europe carried out the complete technical due diligence on behalf of Real I.S. and provided extensive ESG analyses, including checking green building certifications’ requirements. Berlin, 15 June 2022 – The ‘Eiswerk’, a historic building complex, has changed hands … Read more
Henderson Park acquired the historic building from Real I.S. AG and is planning a thorough refurbishment to “transform the building into an energy showpiece”. TA Europe carried out the complete technical due diligence on behalf of Henderson Park, conducted plausibility checks, cost estimates and a thorough ESG report. Berlin, 3 May 2022 – A distinctive … Read more
Investor Cells Group and Kamco Invest Group acquired the office building ‘Lateral Towers’ from investment manager Simone. TA Europe advised the purchaser and carried out the technical due diligence of the ‘ground scraper’ property, comprising eight linked office sections. Frankfurt, 31 January 2022 – TA Europe has advised the leading global investor Cells Group and … Read more
Munich, 24 December 2021 – The landmark, 30-storey office building ‘Astro Tower’ has a new owner: Union Investment bought the iconic property for its institutional real estate fund ‘UniInstitutional European Real Estate’ from PATRIZIA. The parties agreed not to disclose the purchase price. The office building is strategically located on the inner ring road at … Read more
Essen, 9 July 2021 – Art-Invest bought the office and commercial building, located in one of Cologne’s most prominent city-centre locations, for one of its regulated investment funds. The seller is Aachener Grundvermögen Kapitalverwaltung, also based in Cologne, which has held the building for one of its funds for more than 20 years. TA Europe … Read more
Munich, 15 June 2021 – The landmark, 38-storey office tower ‘Uptown München’ has a new owner: investor and asset manager DIC has purchased the iconic property. TA Europe is pleased to have supported this deal with specialist technical advice as part of the Vendor advisory team, to enable the successful sale of the tower, the … Read more
Investor Real I.S. acquired two properties in Berlin at prime locations. TA Europe carried out the entire technical due diligence of the buildings. Berlin, 7 April 2021 – Investor Real I.S. has acquired two properties with a total of around 18,000 sqm of office and residential space in Berlin from Patrizia. TA Europe supported Real … Read more
Munich, 1 April 2021 – TA Europe advises the asset management of CORPUS SIREO Real Estate on the modernisation of the office building “BLOOM” in Munich. The property is located in the Berg am Laim district, right in the centre of Munich, close to the Werksviertel and the ‘new Balan’ and surrounded by the districts … Read more
The BlackRock Eurozone Core Property Fund has bought a newly developed office building in Munich in an off-market transaction. TA Europe has advised the BlackRock Eurozone Core Property Fund during the acquisition process and provided technical consultation and project monitoring services for the property until the completion of the works. This transaction is one of … Read more
Global investor Asia Pacific Land (APL) has bought an office complex consisting of six buildings in Berlin. TA Europe carried out the technical due diligence of the properties. Beyond that, TA Europe supported the client during the SPA negotiations and with additional services. Berlin, 20 January 2021 – TA Europe has advised Asia Pacific Land (APL) on the acquisition of the … Read more