Core service 04
Change Management
Turnaround and restructuring of real estate portfolios and companies. We stabilise ongoing operations, realign the business model and implement the transformation of organisation, processes and systems, on request as interim managing director.
Turnaround, restructuring and transformation
A turnaround becomes necessary when properties, portfolios or a real estate company fall short of their business plan, for example due to vacancy, rising costs, a maintenance backlog, liquidity constraints or disorganised property management. In the first phase we stabilise operations, secure liquidity, put cash flows and letting in order and review costs and service providers. This is followed by a root cause analysis and a restructuring and action plan with budget, responsibilities and milestones.
Where the existing business model no longer works, we develop the realignment together with shareholders and management, for example by focusing the portfolio, selling non-strategic assets, new use concepts or a different set-up in asset and property management. Transforming the organisation includes portfolio takeovers and the change from a previous property manager, building or restructuring teams, reorganising processes and introducing digital systems. On request, we act as interim managing director and hand over in an orderly manner to a permanent appointment.
Typical tasks
- Stabilisation of ongoing operations and liquidity protection
- Root cause analysis, restructuring and action plan
- Realignment of the business model and portfolio strategy
- Interim managing director in turnaround and restructuring
- Repositioning and re-letting
- Review of costs and service provider contracts
- Portfolio takeovers, change from a previous property manager
- Reorganisation of organisation, processes and systems
Outcome Stable operations, a viable business model and an organisation that operates predictably again, with documented processes and clear responsibilities.
In the process
Where this service comes in
The highlighted step is where this service comes in.
- 01
Initial meeting
You describe the property, the situation and your objective. We tell you openly whether and how we can help.
- 02
Status review
We review leases, statements, technical documents and figures. Anything missing is identified. If a decision is pending, this becomes a review.
- 03
Plan and mandate
Objective, measures, budget and fees are agreed in writing, with a business plan where needed.
- 04
Delivery
We take on the agreed task, whether interim management, property management, a transaction or a turnaround.
Interim & AdvisoryReal Estate ManagementTransactions and MarketingChange ManagementExposé websites
- 05
Reporting and handover
You receive reports at the agreed intervals. The work ends with an orderly handover to your team, a buyer or a permanent appointment.
Related
What often goes with it
Interim & Advisory
Managing director and other leadership roles on an interim basis, plus advice on assets, portfolios and organisations when in-house capacity or experience is lacking.
ViewReal Estate Management
Strategic as the owner’s representative in asset management and operational in commercial and technical property management, separately or combined.
ViewBusiness Plans
Business plans for standing assets, repositioning and portfolios, with documented assumptions and scenarios.
ViewContact
Talk to us about your task.
You reach Thomas Wanitschke directly. Briefly describe the property or portfolio, your role and your plans, and you will receive an assessment of whether and how we can help.
