LEVERTON Supports Savills Investment Management’s Disposal of its German Retail Fund Portfolio to PATRIZIA Immobilien
LEVERTON’s intelligent information extraction and management platform for real estate documents was leveraged to enhance Savills Investment Management’s (Savills IM) vendor due diligence for the disposal of its German retail fund portfolio to PATRIZIA Immobilien AG (PATRIZIA).
The portfolio consists of 25 shopping centers, retail parks and retail warehouse assets located predominantly in prestigious areas of Bavaria, Baden-Württemberg, and Hamburg. The total lettable space of the properties involved is 183,000 square meters.
Christian Härtl, Director of Investment of Savills IM in Germany said, “Thanks to LEVERTON, we were able to validate all cash-flow relevant data in relation to our portfolio and to provide the buyer with full transparency.”
LEVERTON was used to automatically extract data from cash-flow relevant documents and compare this data to the rent roll. As a result, every single data point within the rent roll could be matched to its source within the documentation, thus, improving the overall transparency of the portfolio.
About Savills Investment Management
Savills Investment Management is an international real estate investment company with branch offices in London, Madrid, Milan, Munich, Düsseldorf, Frankfurt, Hamburg, Stockholm, Copenhagen, Luxembourg Paris, as well as in Hong Kong, Tokyo, and Singapore.
Savills Investment Management provides comprehensive asset and fund management services in the real estate sector, either in the form of separate accounts or as investment fund solutions, serving a wide range of investors including insurance companies, pension funds, foundations and family offices, among others. Investment styles range from core to opportunistic.
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.