Confidentiality first
We agree confidentiality before the first document is shared. Documents are used solely for your mandate.
Three stages
from check to ongoing support
Three stages for buyers, vendors and asset owners: a fixed-fee check, the full review and, on request, ongoing support. Scope, deliverables and fees are agreed before work begins.
01 / OUR SERVICESMATCHED TO YOUR PLANS.
Services
by objective
An initial check, a full review or ongoing support. We agree a clear scope and a tangible result.
03 services · your plans
Discuss your plans
Review before buying
From the first IM to the pricing and financing decision. You know which income is evidenced and which questions remain open.
Discuss your plans 01Check · fixed feeIM Check
Is a detailed review worthwhile?
We review the IM, rent roll and available documents for plausible income, initial risks and a defensible price range. The result is usually available within 48 hours. For clients who receive offers regularly, also available under a framework agreement. If you then commission the Acquisition Review, the fee is credited against it.
Brief assessment · initial risks · questions for the vendor · next review steps
02Review · project feeAcquisition Review
How much of the income actually holds up?
Leases with addenda, service charge statements, ledger entries and capex planning are brought together. You receive an evidenced net operating income (NOI) with a bridge from the IM, scenarios and a financing calculation. A brief is prepared for the technical surveyor, and the surveyor's findings are fed into the calculation.
NOI calculation · scenarios · financing · findings · TDD brief · client portal · management memo
03SupportNegotiation Support
What position do you take into the negotiation?
The opening bid, target price and ceiling are derived transparently. Each price lever is backed by evidence and a specific demand. We prepare points for the SPA as a checklist for your lawyer and recalculate offers during the negotiation meeting.
Price points · evidenced demands · SPA checklist · recalculation in the meeting
03 services · your plans
Discuss your plans
Review before selling
We identify in advance what the buyer's adviser will later use as a price lever. Prepare your documents, income and arguments for due diligence.
Discuss your plans 01Check · fixed feeBuyer's View Check
How does a buyer see your property?
We read the IM and rent roll as a buyer's adviser will. You learn where the adviser will challenge the figures, what income potential is apparent and which documents are missing. The result is usually available within 48 hours. If you then commission the Sale Preparation, the fee is credited against it.
Buyer challenges · initial income potential · missing documents · next steps
02Review · project feeSale Preparation from the Buyer's View
What will the buyer's adviser find?
We review the IM, rent roll and leases as the buyer's side will, and look for income potential such as indexation increases not yet applied, flat-rate charges or apportionment areas. Discrepancies can be corrected or explained before marketing begins. The data room is structured and the rent roll cleaned up.
Reviewed starting position · income potential in euros · data room index · cleaned-up rent roll
03SupportSale Process Support
How can buyer queries be kept manageable?
On request, prospective buyers receive their own access to an interactive model with sources. We answer questions from the buyer's side with a source reference, and documents supplied later are incorporated.
Investor portal per prospective buyer · evidenced answers · current status
03 services · your plans
Discuss your plans
Review of existing assets
Trace income, review costs, keep track of deadlines. For asset owners, family offices and lenders.
‘Standing still already means falling behind.’Thomas Wanitschke
Discuss your plans 01Check · fixed feeSecond Opinion for Lenders and Family Offices
Does the calculation stand up to a second review?
We test the plausibility of income and costs in a loan application or an offer, including a stress case and debt service coverage. The result is usually available within one week.
Plausibility check · stress calculation · debt service coverage
02Review · project feeIncome Review for Standing Assets
Where is income being lost?
We reconcile leases with service charge statements: indexation increases, flat-rate charges, apportionment keys and areas, caps. We also review service provider and energy contracts and evaluate tenders. You receive an action list showing the effect of each measure in euros.
Additional income and savings in euros · evidence · action list
03SupportPortfolio Monitoring
How is your portfolio developing?
The leases across your portfolio are recorded with source references. A regular overview shows upcoming indexation reviews, options and termination windows. We update the NOI projection with actual figures and, on request, with budget planning.
Lease database · schedule of key dates · NOI projection · reporting
02 / FOR COMPANIESINVESTORS · FAMILY OFFICES · ASSET MANAGERS · LENDERS
For investment teams
and asset owners
Our process is designed for confidential transactions and large data rooms. You work with partners who are personally accountable for the result.
Working in the data room
We work directly in your data room or from a document handover, even with several hundred documents and scans.
One dedicated contact
One partner leads the mandate, from the first question to the result.
Secure area
Results are held in a dedicated client portal with personal access, and the files in EU-based storage.
Coordinated with your advisers
Your lawyer, tax adviser, technical surveyor and bank receive the points relevant to them.
Results ready to pass on
The portal for working as a team, a concise memo for the committee and the bank.
Case study · anonymised
Acquisition Review of a retail property
More than 60 leases with addenda, service charge statements covering several years and ledger entries, several hundred documents in total, many of them scans. The result was available a few working days after receipt of the documents.
- Evidenced income well below the IM figure, every discrepancy with its source
- Price levers with evidence and a specific demand for the negotiation
- Price points, questions for the vendor and a brief for the technical due diligence
- Everything in a dedicated client portal, plus a memo for the decision
Property details anonymised and slightly altered.
03 / CLEAR AGREEMENTS
Fees
by stage and scope
Each service belongs to one of three stages, and each stage has its own fixed fee structure. Services, deliverables and fees are agreed in writing before work begins.
01
Check at a fixed fee
IM Check, Buyer's View Check and Second Opinion. If you commission the review of the same property within three months, the fee is credited in full.
02
Review at a project fee
Acquisition Review, Sale Preparation and Income Review for Standing Assets. The project fee depends on the number of leases and the volume of documents.
03
Support on a monthly or per-phase basis
Negotiation Support, Sale Process Support and Portfolio Monitoring.
04
Initial consultation free of charge
30 minutes by telephone or video. If a review is not worthwhile, we will tell you.
How do we start?
With a 30-minute initial consultation, free of charge, by telephone or video. You describe your plans; we tell you which service fits, what it costs and which documents we need. If a review is not worthwhile, we will tell you.
How quickly will I receive a result?
A check is designed to take 48 hours from receipt of the IM and rent roll; the Second Opinion for lenders takes about one week. The Acquisition Review takes from a few working days to two weeks after receipt of the documents. The delivery date is agreed at the outset. Documents supplied later are incorporated promptly.
Which documents do you need?
To begin with, the IM, the rent roll and any documents already available are helpful. For the detailed review, leases with addenda, service charge statements, ledger entries and capex planning are added. After the initial consultation you receive a list of the documents required for your project. If something is missing, we start anyway and mark the gaps.
How are my documents handled?
Each client receives their own login. Files are kept in EU-based storage. Text recognition for scanned documents runs locally. Documents are used solely for the relevant mandate; results are reviewed by property professionals. We use AI services to read and structure the documents. We tell you which services these are before the mandate begins; on request, we agree confidentiality in writing.
How are your fees structured?
Checks at a fixed fee, reviews at a project fee, support on a monthly or per-phase basis. The fee for a check is credited if you commission the review of the same property within three months. Scope and fees are confirmed in writing before the mandate begins.
Do you also advise vendors?
Yes. We review from the buyer's view, prepare the data room, look for income potential and support you with queries from the buyer's side. We do not advise the buyer and the vendor of the same property at the same time.
Which services are provided by other specialists?
Market valuations are prepared by valuers. Legal and tax matters are handled by your lawyers and tax advisers; we provide review points and checklists for them. Technical inspections are carried out by the TDD surveyors. We do not offer brokerage or investment advice.
Who makes the decision?
You do. We provide the professionally reviewed basis, set out evidence and assumptions and explain the effects in euros. You decide on purchase, sale, financing and further measures together with your advisers.
05 / YOUR NEXT STEP
Discuss your plans
with Thomas Wanitschke
Are you planning to buy, sell or develop your existing portfolio? Tell us about your plans. The initial consultation takes 30 minutes and is free of charge. If a review is not worthwhile, we will tell you.
Book an initial consultationTHE RIGHT QUESTIONS
LEAD TO BETTER
DECISIONS.
