Real estate investments and asset management

Since 2018, we have performed assessment of more than 800 real estate assets in the Nordics. Our services comprise of:

Environmental / ESG desktop reviews
Phase I environmental site assessment (as per the ASTM 1527-21 standard)
Sustainable building certification benchmark review (DGNB, BREEAM, and in Sweden, Miljöbyggnad)
Energy audit and carbon reduction pathway review
Technical due diligence review

Whether required for closing the transaction or managing existing assets, we support our clients to cap identified potential sustainability-related liabilities, and our services extend to:

Radon survey
Hazardous building materials survey
Underground storage tank (UST) location survey and decommissioning
Environmental site investigation (soil, soil gas and/or groundwater)
Soil and groundwater remediation solutions

Our services are tailored to the following transactional contexts:

Projects

Mileway – Environmental Due Diligence Assessment of 124 commercial asset portfolio, Sweden

Mileway invests in and manages commercial real estate assets across Europe, with a primary focus on logistic and warehouse assets. Spanning Europe’s major cities, its extensive portfolio provides businesses with the last-mile space needed to connect with urban consumers.

Under contract with our long-term partner Nova-Ambiente, we provided environmental due diligence assessment advice on the Swedish portfolio in connection with a Mileway re-capitalisation process. The work required updating documentation for the individual assets regarding environmental aspects such as contaminated land liabilities, hazardous materials management, radon exposure, potential presence of hazardous building materials, and energy performance.

The work involved reviewing disclosed documentation, publicly available records, and conducting site inspections of selected assets.

Starwood – Environmental due diligence assessment of 9 assets, Denmark

Starwood Capital Group is a private investment firm primarily focused on global real estate. The hallmark of Starwood Capital is its visionary investment approach, allowing for movement across various geographies, asset classes, and positions within the capital stack as the firm recognises evolving risk-return dynamics. To effectively implement this strategy, Starwood Capital has developed considerable expertise in both geographic and asset-class domains within its targeted markets.

As part of our contractual agreement with Arcadis, we provided an environmental due diligence assessment regarding a commercial real estate portfolio intended for potential acquisition by Starwood. This undertaking necessitated the updating of documentation for individual assets, with a focus on environmental considerations such as contaminated land liabilities, hazardous materials management, radon exposure, the potential presence of hazardous building materials, and energy performance.

The project involved a comprehensive review of disclosed documentation and publicly accessible records, as well as thorough site inspections of the assets.

Genesta Property Nordic – ESG due diligence of commercial assets in Denmark, Sweden and Finland

Genesta Property Nordic is an independent real estate fund management company with a focus on commercial real estate in the Nordic region. Through its funds, institutional investors enjoy the combined benefits of first-class asset management and in-depth market knowledge.

We provided ESG due diligence assessment advice in connection with Genesta’s due diligence of commercial real estate assets in Denmark, Sweden, and Finland. The scope included environmental and climate aspects such as contaminated land liabilities, hazardous materials management, radon exposure, potential presence of hazardous building materials, energy performance, and climate footprint reduction planning.

The work comprised reviewing disclosed documentation, readily available public records, and site inspections of the assets.

Swiss Asset Management GmbH – ESG due diligence of residential assets in Denmark

The real estate investment and asset management arm of Swiss Life Insurance, Swiss Asset Management, is an independent asset manager offering individual and comprehensive asset management services.

We provided ESG and climate due diligence assessment advice in connection with Swiss Asset Management’s due diligence of multiple residential real estate assets in the Greater Copenhagen area. The scope included environmental and climate aspects such as contaminated land liabilities, hazardous materials management, radon exposure, potential presence of hazardous building materials, energy performance, and climate footprint reduction planning.

The work comprised reviewing disclosed documentation and readily available public records and site inspection of the assets.