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.
![](https://www.estama.co.uk/app/uploads/2021/05/k-IMG_5873.jpg)
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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