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.
upside realised with limited capex
over delivery against the business plan
increase in rent collection from 85% to 98%
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