Advisory & Transactional Services

As part of transactional services, Technical Due Diligence (TDD) is typically conducted when a client intends to acquire existing assets or planned projects. TDD primarily covers a review of the building's technical condition, including a budget estimate for the identified defects and suggestions for their removal. As part of standard TDD, we offer a visual asset review and assessment of its current condition from various perspectives, including architectural, constructional, structural, MEP, fire safety, and external façade checks. All of the findings are being reported, including photo documentation. All identified defects are being assessed by their urgency rating and added with a qualified Capex cost estimate for their removal. During the TDD process, the completeness of the available as-built documentation and the review of operational documentation are ensured. TDD may also usually cover the review of existing construction contracts, including the summary of available warranties and guarantees.

TDD can also cover a building review from a legal perspective (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 environmental risk assessment and 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 the issuance of this certificate in accordance with § 6 of Act No. 406/2000 Coll., as amended, and Public Notice No. 148/2007 Coll. 

Proactive land or real estate assessment process for potential environmental hazards/risks. Identifying an asset's environmental risks is imperative before acquisition. Environmental site assessments detail a site's liabilities and evaluate the requirements for remediation, helping clients understand a site's actual value. Anyone purchasing a property can benefit from Environmental Due Diligence. The process reduces the chances of someone buying real estate and inheriting ecological concerns created by the former owners. It also provides an essential legal defense should issues arise. We perform Environmental Due Diligence in two phases in accordance with ASTM standards for ESA Phase I and ESA Phase II.

We offer fully qualified bank monitoring in construction development. Thanks to our experts, we can provide services for all types of construction projects. The reporting standard and communication format 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., the legitimacy of the 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

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

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.