< Back to all
Jan 19, 2017
Dylan Moats

LEVERTON supports Art-Invest’s purchase of Parkstadt Center Schwabing

LEVERTON, the intelligent information extraction and management platform, was leveraged by Art-Invest Real Estate (Art-Invest) to support the due diligence for the purchase of ‘Parkstadt Center Schwabin’ and two adjacent hotels in Munich.

The property was built in 2005 and is comprised of c. 32,000 square meter of rental area and more than 500 parking lots. The location of the building complex benefits from the excellent development of Parkstadt Schwabing with numerous large companies such as Microsoft, Amazon, Osram and a very attractive residential development.

LEVERTON’s information extraction software was used by Art-Invest’s legal advisor (acquisition), King & Wood Mallesons (KWM) to accelerate the fact finding of relevant key data points for the legal due diligence. KWM was given access to the LEVERTON platform in order to validate key attributes that had been extracted automatically by intelligent deep learning algorithms. LEVERTON’s rent roll comparison report allowed for the identification of missing documents as well as discrepancies in annual rent.

About Art-Invest Real Estate
Art-Invest Real Estate is a real estate investment and asset management company which invests in properties with value-add potential in good locations within big cities. The focus is on the metropolitan regions of Berlin, Dusseldorf, Frankfurt, Hamburg, Cologne/Bonn, Munich, Nuremburg and Stuttgart. The company’s regulated fund management subsidiary meanwhile manages 13 investment funds for institutional investors including professional pension schemes and foundations.

LEVERTON develops and applies disruptive deep learning technologies to extract, structure and manage data from corporate documents in more than 20 languages. Our platform empowers corporations and investors to be more efficient and effective with their real estate management. It facilitates quick and data-driven decision-making by creating actionable, valuable insights out of unstructured data. More than 100 global industry leaders trust LEVERTON to build their CORE. The intelligent platform runs on LEVERTON servers in ISO 27001 and ISO 9001 certified data centers that guarantee highest security.

Read more like this

U.S. Real Estate Management Firm Automates Lease Management and Speeds Up Due Diligence

Artificial Intelligence Comes Together With Accounting Expertise to Simplify IFRS 16 Transition

Levertonia 2019: The Future is Now