Project River

ESTAMA was instructed by a lender to supervise the borrower of funds for this large retail scheme, resulting in us taking full operational responsibility. Working under a receiver appointed by Deutsche Bank, we prepared a three-year business plan to asset manage and dispose of the retail portfolio.
Within three years, we delivered numerous asset management initiatives, resulting in an upside of €100m. Throughout the assignment, we managed all required approvals for leasing and sales, along with all expenditure requirements.

Services: Asset Management
Size: 4.5m sq ft
Value: €350m

The results

€100m

upside realised with limited capex

15%

over delivery against the business plan

13%

increase in rent collection from 85% to 98%

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