The Right Strategy for Every Mandate
Expertise for Every Asset and Every Situation
Owners of Portfolios that Have Grown Over Time
Many property owners hold portfolios that have evolved over time, rather than being built based on a coherent investment strategy. Properties built in different years, with different uses and locations are increasingly challenged by changing market conditions, rising operating costs, new ESG requirements, and financing pressure – making active asset management essential.
Typical Challenges
Our Services
- Portfolio analysis and asset classification (Core/Value-Add/Non-Core)
- Development of an asset-specific strategy (hold/optimise/dispose)
- Business plan preparation and ongoing performance monitoring
- Tenancy agreement strategy and Mietvertragsstrategie und leasing management
- Coordination of CAPEX measures and refurbishment
Assets Under Operational Management
Operator-managed real estate requires asset management that takes the operational perspective into account. Lease agreements, the operator’s credit score, and location quality are key value drivers that are often not adequately addressed by traditional asset management.
Typical Challenges
Our Services
- Analysis of existing tenancy agreements and operational structures
- Identification of the primary value drivers and definition of objectives
- Implementation of defined measures, e.g. renegotiation of the tenancy agreement
- Implementation/optimisation of monitoring measures
- Long-term support and ongoing adaptation of the optimisation measures based on current requirements
Portfolios Under Pressure
Restructuring situations may arise from insolvencies, stalled development projects, overleveraged investment vehicles or strategically misaligned portfolios. In instances like these, experienced asset managers are needed to respond quickly, coordinate stakeholders and preserve net asset value before further value erosion occurs.
Typical Challenges
Time constraints, incomplete documentation, multiple creditor claims, and ongoing legal proceedings make structured asset management more challenging. At the same time, banks, insolvency administrators and co-investors closely scrutinise every step.
Our Services
- Analysis of existing portfolios
- Definition of a strategy to preserve portfolio value
- Implementation of the defined measures with the goal of managing the assets and driving their value
- Coordination of CAPEX measures and refurbishment
- Ongoing monitoring measures
Financial Institutions with Real Estate Exposure
For banks with non-performing real estate loans or involuntary direct ownership of real estate (real estate owned, REO), professional asset management is not a convenience but a regulatory necessity. The objective is to preserve or enhance the value of individual assets or entire portfolios.
Typical Challenges
Banks are typically not equipped for the operational management of real estate assets. At the same time, regulatory requirements — including the EBA Guidelines on non-performing exposures and Germany’s Minimum Requirements for Risk Management (MaRisk) — require an active realisation strategy and transparent reporting on non-performing assets and portfolios.
Our Services
- Analysis of assets and/or the portfolio
- Definition of a realisation strategy that preserves and drives value
- Asset and portfolio management in a fiduciary capacity
- Reporting
Future-Proofing Assets
Ensuring the sustainability and long-term viability of real estate cannot be achieved through a single measure. Rather, it is an ongoing process focused on the environmental performance, operation, maintenance and value enhancement of the asset. Consequently, it is essential to identify upcoming measures at an early stage and prioritise, plan and coordinate them effectively.
Typical Challenges
Throughout the life cycle of a real estate asset, refurbishment measures are required on a regular basis. Prioritising, coordinating and aligning these individual measures with evolving regulatory requirements can quickly become a complex challenge if the necessary resources or expertise are not available.
Our Services
- Analysis of upcoming measures
- Definition of a strategy that preserves value
- Prioritisation based on urgency, requirements and cost-effectiveness
- Monitoring and data management
01
Owners of Portfolios that Have Evolved Over Time
Many property owners hold portfolios that have evolved over time, rather than being built based on a coherent investment strategy. Properties built in different years, with different uses and locations are increasingly challenged by changing market conditions, rising operating costs, new ESG requirements, and financing pressure – making active asset management essential.
Without structured reports and a clear portfolio strategy it remains unclear which assets are driving value and which are tying up capital that could be deployed more productively elsewhere.
- Portfolio analysis and asset classification (Core/Value-Add/Non-Core)
- Development of an asset-specific strategy (hold/optimise/dispose)
- Business plan preparation and ongoing performance monitoring
- Tenancy agreement strategy and leasing management
- Coordination of CAPEX measures and refurbishment
02
Operativ geführte Immobilien
Operator-managed real estate requires asset management that takes the operational perspective into account. Lease agreements, the operator’s credit score, and location quality are key value drivers that are often not adequately addressed by traditional asset management.
Die Abhängigkeit von einem Betreiber schafft Klumpenrisiken. Gleichzeitig sind die Eingriffsmöglichkeiten bei Pachtstrukturen begrenzt – umso wichtiger sind ein frühzeitiges Monitoring und eine vorausschauende Vertragsgestaltung.
- Analysis of existing tenancy agreements and operational structures
- Identification of the primary value drivers and definition of objectives
- Implementation of defined measures, e.g. renegotiation of the tenancy agreement
- Implementation/optimisation of monitoring measures
- Long-term support and ongoing adaptation of the optimisation measures based on current requirements
03
Portfolios Under Pressure
Restructuring situations may arise from insolvencies, stalled development projects, overleveraged investment vehicles or strategically misaligned portfolios. In instances like these, experienced asset managers are needed to respond quickly, coordinate stakeholders and preserve net asset value before further value erosion occurs.
Time constraints, incomplete documentation, multiple creditor claims, and ongoing legal proceedings make structured asset management more challenging. At the same time, banks, insolvency administrators and co-investors closely scrutinise every step.
- Analysis of the existing portfolio
- Definition of a strategy to preserve portfolio value
- Implementation of the defined measures with the goal of managing the assets and driving their value
- Coordination of CAPEX measures and refurbishment
- Ongoing monitoring measures
04
Financial Institutions with Real Estate Exposure
For banks with non-performing real estate loans or involuntary direct ownership of real estate (real estate owned, REO), professional asset management is not a convenience but a regulatory necessity. The objective is to preserve or enhance the value of individual assets or entire portfolios.
Banks are typically not equipped for the operational management of real estate assets. At the same time, regulatory requirements — including the EBA Guidelines on non-performing exposures and Germany’s Minimum Requirements for Risk Management (MaRisk) — require an active realisation strategy and transparent reporting on non-performing assets and portfolios.
- Analysis of assets and/or the portfolio
- Definition of a realisation strategy that preserves and drives value
- Asset and portfolio management in a fiduciary capacity
- Reporting
05
Future-Proofing Assets
Die Nachhaltigkeit und Zukunftsfähigkeit von Immobilien zu sichern, ist nicht mit einer Einzelmaßnahme getan. Vielmehr handelt es sich um einen fortlaufenden Prozess, bei dem die Umweltfreundlichkeit, Bewirtschaftung, Instandhaltung und Wertsteigerung der Immobilie im Fokus stehen. Daher ist es wichtig, anstehende Maßnahmen im Blick zu behalten und sie frühzeitig zu priorisieren, zu planen und zu koordinieren.
Throughout the life cycle of a real estate asset, refurbishment measures are required on a regular basis. Prioritising, coordinating and aligning these individual measures with evolving regulatory requirements can quickly become a complex challenge if the necessary resources or expertise are not available.
- Analysis of upcoming measures
- Definition of a strategy that preserves value
- Prioritisation based on urgency, requirements and cost-effectiveness
- Monitoring and data management

