The mandate was awarded by the lender as part of ongoing insolvency proceedings. The main objectives were to support the sales activities of the portfolio and to ensure an orderly handover.
The focus was on identifying and solving issues that had built up over a longer period: Immediate establishment of tenant contact to deal with the high vacancy rate of approx. 33% and development of a letting pipeline. Identification and prioritization of outstanding maintenance and immediate execution of any necessary repairs with respect to health & safety. The documentation required for the sale was gathered and organized.
Prepared the portfolio for the sale and hand-over to the buyer in an orderly manner, following the successful disposition process.