Advisory & Transactional Services

Marian Heckl

Branch Director SK

T: +421 905 279 067

E: marian.heckl@grinity.com

Jan Podzimek

Sector Leader
Advisory & Transactional Services

T: +420 607 170 521

E: jan.podzimek@grinity.com

Our Advisory & Transactional Services include:

Expert service in evaluating building objects, technical and technological assessment regarding the objects' status, and qualified valuation of identified risks and deficiencies and suggestions for their removal. Thanks to Grinity experts, services on all types of construction projects can be performed. The reporting standard and format of the communication ensure effective monitoring and risk mitigation for our clients. Our specialists often help solve problematic situations, advise acquisitions and construction projects with efficiency, and optimize the solution according to the client's specific demands.

Our Advisory & Transactional Services include:

Technical Due Diligence

As part of the transactional services, Technical Due Diligences (TDD) are typically carried out when the client intends to acquire the existing assets or planned projects. TDD mainly covers a review of the actual building's technical status, including a budget cost estimate of the identified defects and suggestions for removal. As part of standard TDD, we offer visual assets review and assessment of its current condition from various points of view such as architectonical, constructional, structural, MEP, fire safety, and external façade checking. All of the findings are being reported, including photo documentation. All the identified defects are being assessed as per their urgency rating and are being added with a qualified Capex costs estimation for their removal. During the TDD process, the available as-built documentation completeness inspection, as well as the review of operational documentation, is secured. TDD may usually also cover the existing construction contracts review, including the available warranties and guarantees summary.

TDD can also covers a building review from the legal point of view (building conformity with valid construction standards). This is provided by creating a summary and detailed analysis of the most essential issued permits, including identification of possible neglect or related risks. Our services may also include assessment of environmental risks, Environmental Due Diligence. This is provided by commenting on the project regarding potential site contamination risks and environmental impacts assessed based on the available documentation. TDD may also include an analysis of the Energy Performance Certificate and issue of this certificate according to §6 Act No. 406/ 2000 Coll. in amended regulations and Public Notice No. 148/2007 Coll. 

Environmental Due Diligence (Phase 1&2)

As part of our transactional services, we may also assess how the building is feasible from the environmental point of view and asses the possibility of obtaining one of the international sustainable building certificates. If requested, our specialists may secure the whole certification process by awarding both the BREEAM or LEED certificates. The audit can further offer the actual measurements of the area. TDD / Feasibility study can also be conducted during the project preparation phase or on the Development land based on the evaluation of project documentation, zoning plan regulations, infrastructure capacity assessment, or other available documents.

Bank & Construction Monitoring

We offer fully qualified bank monitoring in construction development. Thanks to our experts, we can perform our services on all types of construction projects. The reporting standard and format of the communication ensure effective monitoring and risk mitigation for our clients.

Our services include:
• Financial, contractual, and legal feasibility of the project
• Facility/loan agreement review
• Confirmation of performed works, i.e., legitimacy of financial means supply
• Drawdown confirmation
• Quality assessment of building processes 
• Monitoring of legal building conditions
• Quality and program monitoring of project management
• Project completion confirmation

Feasibility study/ Development Land Due Diligence

The Development Land DD/ Feasibility Study service evaluates the potential risks in the construction of a planned project or the acquisition of land.  The service includes the analysis of the available information and public sources and the resulting risks. 
 
The main areas of analysis are: 
• Compliance with the Planning / Zoning Documents
• Evaluation of availability/capacity of utilities
• Basic Environmental Investigation / Geohazard Assessment
• Analysis of land registry and easements
• Analysis of permitting processes and risks
• Contingent Investment Analysis
• Estimation of investment / demolition costs
• Easments summary review and assesment

ESG Technical Due Diligence

Investing responsibly and considering environmental, social, and corporate governance (ESG) criteria in investment valuations and assessment can generate long-term competitive financial returns and positive societal impacts. The Due Diligence process acknowledges the individual ESG standards and requirements in terms of current legislation, the local market standard, and the specific facility feasibilities. The assessment is based on the principles of common green building systems.

The scope of the ESG Due Diligence forms the following three main pillars:

• Environmental – Carbon & Energy Management, Energy & Water Consumption, Waste, Biodiversity, or Natural Hazards.
• Social – Health & Safety, Wellbeing, Diversity & Inclusion, Comfort, Transport and Mobility. 
• Governance – Use-Value, Property Management, Permits, and Certificates. 

The Due Diligence phase allows for the analysis of the possible improvements and the impact of the ESG indicators on property valuation. Performing the asset-level risk assessment and adopting the ESG criteria as part of the investment strategies indicates a significant potential to make sustainable improvements as well as reduced running costs, increased occupancy rates and longer lease terms.