Dutch and Spanish portfolio due diligence

We conducted full Technical Due Diligence on a portfolio comprising two assets in The Netherlands and the other in Spain.

Our client, Hines, was preparing to purchase the assets for their fund on a sale and leaseback arrangement. Offering our Technical Due Diligence service, we assessed the technical conditions, defects and implications of the assets prior to purchase, highlighting any risks and advising whether to proceed with the transaction.

Drawing on multiple disciplines, we provided a complete package of Technical Due Diligence (building survey and mechanical and electrical engineering), Fire Engineering, Reinstatement Cost Assessments, Environmental Phase 1, ESG Consulting including CRREM Analysis, and Measured Surveys for the asset in The Netherlands. Costs were supervised from our cost management team, liaising with the building surveying and mechanical and electrical engineering team for costs within the Capex schedules.

Due to the large scale and cross border nature of this project, the works required a diligent and disciplined approach. Having presence in Europe, we were able to coordinate various teams in a centralised location and keep our client informed and involved throughout.

Consistent with Hines’ value-focused logistics acquisition strategy, in addition to the high quality locations, the assets are highly functional for the needs of their current and future occupiers.