LEVERTON supports Invesco Real Estate’s purchase of Designer Outlet Wolfsburg
LEVERTON’s intelligent information extraction and management platform for real estate documents supported the purchase of Designer Outlets Wolfsburg (DOW) by Invesco Real Estate (IRE).
Europa Capital LLP and its partner Hans Dobke, Principal of Outlet Centres International (OCI), sold DOW which comprises of 80 stores and a total selling space of 17,500 sqm. IRE acquired the DOW on behalf of its separate account client Bayerische Versorgungskammer (BVK).
DOW’s anchor tenants include national and international brands such as Abercrombie & Fitch, Adidas, Calvin Klein, Michael Kors, Nike, Polo Ralph Lauren and Tommy Hilfiger.
By accelerating the contract review process, LEVERTON’s information extraction software was leveraged to enhance the legal due diligence of the real estate contract documentation by IRE’s legal advisor, Gleiss Lutz.
About Invesco Real Estate (IRE)
Invesco Real Estate (IRE) is a global real estate firm, which has been providing real estate investment and property asset management services since 1983, first in the US and then expanding into Europe and Asia. Globally, IRE has US$64.4bn of assets under management and over 434 staff in 21 offices around the world. In Europe, we have eight offices in London, Munich, Milan, Madrid, Paris, Prague, Luxembourg and Warsaw, and around 140 employees. We manage 128 assets across 12 European countries and have US$7.4bn of assets under management.
LEVERTON develops and applies disruptive deep learning / machine learning technology to extract and manage data from corporate documents in more than 20 languages. Our clients from the financial and real estate sectors optimize their contract management significantly, manage operational teams more efficiently and process transactions faster. Asset documentation with an underlying face value of more than €40 billion is managed with LEVERTON’s smart data technology.
The integrated smart data platform runs on LEVERTON servers in ISO 27001 and ISO 9001 certified data centers that guarantee highest security.