Investment and asset management company Verifort Capital has successfully concluded the sale process for a real estate portfolio comprising 16 properties in Königswinter, Rhineland. The transaction was structured in two phases: following four prior individual sales, the remaining twelve properties have now been handed over to new owners as part of a final portfolio sale.
The successful completion of the sale was preceded by around 24 months of management on behalf of the owner company. During this period, Verifort Capital acted as exclusive asset, property and transaction manager. Even after the owner company entered formal insolvency proceedings, the mandate remained fully in place and was continued in close coordination with the appointed insolvency administrator and the financing credit institutions.
Complex framework conditions and structured marketing
The initial situation for this sale process proved significantly more demanding than in a conventional property transaction. In addition to the insolvency of the property holding companies, differing asset profiles, multiple involved banks, existing tenancies as well as diverse technical and public-law requirements shaped the process. To meet these demands, the management team drew up individual marketing strategies for the individual properties and aligned the interests of creditors, the insolvency administration and prospective purchasers in a structured manner.
- —Comprehensive operational management and safeguarding of the portfolio over a period of approximately 24 months
- —Continuation of the mandate in close coordination with the insolvency administrator and several financing banks
- —Targeted approach of regional and supra-regional investors for varying property profiles
- —Completion of four individual transactions as well as a final portfolio transaction covering twelve properties
On the occasion of the completion, Benjamin Schreiber, Chief Operating Officer at Verifort Capital, emphasised that heterogeneous portfolios arising from complex special situations can also be successfully sold in a selective market environment. He stated that decisive factors included detailed property knowledge, active management, the targeted alignment of all stakeholders, and tailored transaction structures for diverse buyer groups.
The support provided by Verifort Capital ranged from operational property management and market positioning through to investor engagement, contract negotiations, purchase price settlement and the final handover. The parties involved agreed not to disclose the identity of the purchasers or the purchase prices achieved.
