Low profitability
Maintenance expensive
Distribution of inheritance
High tax and fees
Rent problem
Risk Profil Core and core-plus
Asset class Office; retail/high street; hotel; residential; mixed-use
Details Existing and new builds; focus on multi-tenant; good building quality; “food” anchored retail; 4* or 5* hotels (no management contracts)
Macro Location A and B cities; inner-city/CBD locations, urban areas with good infrastructure
Investment Volume >10 Mio. €
Deal Structure Asset or share deal
Risk class Core, Core Plus
Object type Residential with max. 30% Commercial use, Micro-/ Student apartments, serviced living, detached houses
Macro Location A cities incl. suburbs, B cities, University cities
Micro Location Sustainable rentable Location
Construction year Existing and new buildings (forward deals)
Single Volume Min. € 10 m, Portfolios of any size
Asset class Nursing Home, assisted living, medical centers and health centers
Risk class Core, Core +
Macro Location Large cities well connected
Construction year Existing buildings from 2000, New buildings (forward deals)
Tenant structure Single Tenant,
Nursing Home and
assisted living WALT min.15 years
Medical centers and Multi-Tenant, min. 80 % rented
health centers WALT min. 6 years
Volume € 8 m to € 50 m
Deal structure Preferred Asset Deal, Share Deal
Risk class Core, Core Plus, Value Add
Asset class Office properties, office and commercial buildings, retail parks, district centers, highstreet, hotels
Note Good building quality, Focus on Multi-tenant properties, retail parks with anchor tenant “food“, Hotels from 4 stars (fixed lease only)
Macro location A-, B- and C-Cities
Single Volume Min. € 10 m, Portfolios of any size
Deal structure Asset deal, share deal
At urban locations in our cities of interest in EMEA, America and Asia, the Development division of KAIZEN PROPERTIES is creating new living space and commercial properties with solid returns, either alone or in joint ventures with partners.
The portfolio ranges from owner-occupied apartments for private buyers to entire sections for global investors, right through to innovative office buildings and the development of hotel sites.
We provide comprehensive property development services along the entire value chain. This includes the acquisition of construction land for development and construction in main European cities. We monitor construction and planning rights, obtain construction permits and monitor the development of the land across all asset classes. We assume responsibility for the construction management, both in the construction of new buildings and in renovations and leasehold improvements for customers’ existing properties or for personal investments. On request, we undertake technical due-diligence surveys and consultations with asset management and leasing experts. Customer management and sales management for owner-occupied apartments are also in good hands with us.
KAIZEN PROPERTIES is always looking for suitable sites for its project developments.
The search criteria for land purchases can be found here:
Location
Project volumes
Condition
Our lease advisory surveyors provide impartial advice to both owners and occupiers of commercial property including industrial, offices and retail premises.
Embedded within active agency teams, our advisors keep abreast of the latest market developments and maintain an extensive database of transactions and availability.
Lease restructure – break options
Changing market and economic conditions coupled with evolving accounting practices have resulted in companies undertaking a reappraisal of leasehold liabilities and investors seeking to minimize voids whilst maximizing investment returns.
Our teams actively seek to maximize the value of such opportunities through strategic advice, thorough financial appraisal of options and negotiation on new lease terms.
Rent reviews – expert witness
Technical expertise coupled with local market knowledge enables us to provide advice and negotiation support on rental value and strategy, preparation of arbitration / independent expert reports and expert witness representation.
Lease expiries & renewals
The end of a lease offers an opportunity to restructure the lease terms when the rent can go up or down. Whilst a statutory framework governs most renewals, resulting in some cases being referred to court, an increasing number of leases are unprotected.
Dilapidations – Diminution Valuations
In conjunction with building surveyors and solicitors, our experienced Lease Advisory surveyors provide advice on the extent to which statutory provisions can cap damages payable for breach of repairing obligations.
Arbitration & independent expert referrals
In the event a settlement cannot be negotiated, we are highly experienced in the referral of rent review disputes to either arbitration or independent experts.
The necessity to provide properly researched and admissible evidence is fully understood as are the responsibilities of an expert witness.
Our lease advisory surveyors are regularly appointed by the RICS (and by private appointment) to act as arbitrators or independent experts.
€5m – €500m+
Urban, Established Areas With Existing Infrastructure
Metropolitan areas of EMEA, America and Asia
Gold LEED certificate (not required)