Balandra Group is advising a private owner on the structured disposal of an extensive real estate portfolio. The overall portfolio comprises 424 flats and around 60 commercial units across various locations throughout Germany. The vendor intends to bring the entire holding to market either as sub-portfolios or via individual transactions.
An initial milestone in the marketing process was already achieved in October: sale and purchase agreements for two commercial properties in Saxony and Saxony-Anhalt were notarised. The parties involved agreed to maintain confidentiality regarding the agreed purchase prices.
Berlin apartment blocks in the focus of institutional reviews
The core of the portfolio in terms of volume is a Berlin sub-portfolio of around 360 units, which predominantly consists of almost fully let residential apartment buildings. Several prospective buyers are currently conducting in-depth reviews for this segment. The remaining properties are distributed across locations in Bavaria, Lower Saxony, Thuringia, Saxony and Saxony-Anhalt, where regional market players in particular are evaluating potential acquisitions.
The mandate was secured through collaboration with an independent wealth manager. The actual marketing phase was preceded by a detailed inventory and review, during which the Balandra team examined each property individually regarding location quality, lease structures, operating costs, vacancy rates and potential for value appreciation.
Preparation and management of the sales process
Based on this preliminary review, the asset management team systematically prepared the properties and all administrative documentation for the due diligence processes of prospective buyers. Thomas Lange, co-founder and managing director of Balandra Group, stressed that the starting point was not the drafting of an investment memorandum, but rather the strategic objectives of the owner. Detailed knowledge of each individual property enables an orderly and smooth transaction process for all parties involved.
Balandra advises private and institutional clients on real estate investments and provides services in asset, property and facility management as well as acquisitions and disposals. Over the past ten years, the company's core team has advised on transactions comprising a cumulative total of more than 30,000 units.
