Patrizia has sold a portfolio of twelve retail parks with a total area of around 180,000 sqm to Meag. TA Europe carried out the complete Vendor Technical Due Diligence on behalf of Patrizia. Essen, 14 September 2021 – Another large retail portfolio has changed hands, with TA Europe acting as the technical advisor on behalf … Read more
TA Europe has an extensive track record in the shopping centre and retail sector. In several transactions of single shopping centres, retail centres, outlet centres or pan European portfolios we provided TDDs for vendors and buyers and made sure that our clients could generate maximum value from the deal, incl. solutions for managing exceptional risks. 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 retail transactions are
- Lack in fire protection or relevant permits
- Lacks in emergency lighting and alarming system
- Lack of capacities in heating and cooling
- Noise issues
- Non-compliance with usage permits in terms of sales areas and branch mix
- Structural issues with the facade
- Damaged concrete in underground parking floors through salt and carbonization
- End of life cycle and water tightness of roofs
TA Europe has provided TDDs of retail and shopping centres in 10 countries of Europe and always works with international as well as with local specialists to deliver tailored solutions.
Our project and cost management team has been involved in new built and refurbishment of shopping centres. Very often we are asked to support our clients in helping to remove the maintenance backlog of recently purchased buildings, support in restructuring the centres in terms of tenant mix and shop size, managing the repair and refurbishment works as well as tenant fit out 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 shopping centres.
TA Europe also understands the operational part of shopping centres and implements improvement of the asset performance and life-cycle costs into the cost plans. We support owners in getting bad performing shopping centres back on track through reduction of operation costs and optimising the lifecycle measures.
Recent retail projects
TA Europe has provided technical due diligence services to Principial Real Estate Europe, acting as asset and transaction manager on behalf of the Novapierre Allemagne 2 SCPI fund, managed by PAREF Gestion. The vendor of the property is a fund managed by the Hahn Group. Essen, 8 September 2021 – The French retail investment fund … 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, 21 June 2021 – French retail investment fund SCPI Novapierre Allemagne 2, managed by PAREF Gestion, has acquired the “Hornschuch Center” in Fürth through Principal Real Estate, acting as local transaction and asset manager in Germany. Read more
Munich, 4 June 2020 – TA Europe has carried out vendor’s technical due diligence of seven OBI DIY retail stores across Germany, in Augsburg-Stadtbergen, Haiger, Neuss, Pirna, Schwelm, Siegen-Weidenau and Vechta. The portfolio has a total lettable area of around 71,000m². TA Europe’s technical advisory services to support the sales process included the detailed review of technical … Read more
Munich, 14 April 2020 – TA Europe has advised Gold Tree Group on the purchase of retail parks worth €70 million. Gold Tree acquired the portfolio from project developer Ten Brinke Group and Zehentner & Seidel Group. Montano Asset Management managed the transaction and will continue to manage the properties. Ten more properties are to … Read more
TA Europe could once again demonstrate the capability of our Spanish Real Estate team, focussing on international clients, purchasing, managing and selling projects in Iberia and South America. ECE acquired the large shopping centre “intu Asturias” in Oviedo for one of their European Shopping Centre Funds, the centre is the first asset of the fund … Read more
With the latest completion of a Technical Due Diligence of a large-scale shopping centre in Italy, we add to an impressive track record in this sector. Below a summary of some projects on which TA Europe has delivered expert technical advice, supporting our clients with their deals. Project Melody, Italy & Germany (ECE Projektmanagement G.m.b.H) … Read more
TA Europe has a strong track record in Germany and was delighted to support one of our trusted clients with a technical due diligence of the shopping centre Nova Eventis – their investment in Germany. Due to the ongoing popularity of real estate investments within the eastern part of Germany, this purchase was a positive step … Read more