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 an extensive track record in the shopping center and retail sector. In several transactions of single shopping centers, retail centers, outlet centers 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 shopping center 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 carbonatisation
- End of life cycle and water tightness of roofs
TA Europe has provided TDDs of shopping centers 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 centers. Very often we are asked to support our clients in helping to remove the maintenance backlog of recently purchased buildings, support in restructuring the centers in terms of tenant mix and shop size, managing the repair and refurbishment works as well as tenant fit out and expansions. With 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 centers.
TA Europe also understand the operational part of shopping centers and implements improvement of the asset performance and life cycle costs into the cost plans. We support owners in getting bad performing shopping centers back on track through reduction of operation costs and optimising the lifecycle measures.
TA Europe has a strong track record in Germany and was delighted to support their trusted client ARES Management Ltd. 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