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
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
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
Berlin, 14 January 2021 – TA Europe has advised leading global investor PATRIZIA on the acquisition of a newly constructed office building on Michaelkirchstraße in Berlin-Mitte on behalf of its institutional clients. PATRIZIA purchased the property from Spree Area GmbH in an off-market transaction. TA Europe carried out the full technical due diligence of the 4,400 sqm office … Read more
Munich, 5 January 2020 – TA Europe has advised leading real estate asset manager AEW on the purchase of an office building located at Paulinenstrasse 50 in Stuttgart for its Europe Value Investors II Fund. The transaction is the fund’s first in Stuttgart and the third in Germany, and it increases the fund’s value to … Read more
Munich, 14 December 2020 – TA Europe has advised Barings Real Estate, one of the world’s largest real estate investors, on the purchase of ‘Machtlfinger Höfe’, an office complex in Munich/Obersendling, which is located in the Southwest of Munich. The asset was acquired in an off-market deal from CONREN Land AG. The parties agreed to keep … Read more
Berlin, 24 April 2020 – Henderson Park has acquired four of the twelve buildings of the iconic “Quartier Schützenstraße” in Berlin-Mitte from Caleus Capital Partners. For Henderson Park, this transaction represents the third investment in Germany within the last twelve months, where the private equity investor currently manages assets of over € 500 million. The … Read more
The Brussels Real Estate team recently supported Real I.S. AG, one of Germany’s leading providers of property investments for private and institutional investors, in the acquisition of two office buildings in the centre of Brussels. The Quatre Bras and Jean Jacobs building are situated on the inner ring road of Brussels, near the Court of … Read more
TA Europe recently advised Art-Invest Real Estate on the Wolkenbügel transaction and completed a technical due diligence for the multi-building Port Event Center in Düsseldorf’s media harbour district. The object, which is known in the market under the name “Wolkenbügel”, is characterized by its architecture, which was designed by the Cologne architect Norbert Wansleben. The … Read more