conject Online Data Room
...fast and secure!
Real estate is a long-term investment - until you sell it, of course. With the number of cross-border real estate transactions on the rise and the growth of global real estate funds and REITs, you have more opportunities than ever to optimize your holdings through the sale of selected properties or portfolios.
But how do you ensure that the due diligence goes smoothly? How can you speed up the transaction? How can you manage multiple interested parties with a minimum of intervention? How can you minimize your legal risks?
The conject Online Data Room adds a new level of professionalism to the entire process. You may even attract a larger number of bidders and achieve a better price.
Advantages for the seller
Provide Transparency
Full-text search through all data room contents
Reach international investors with multilingual interface
Distribute the relevant information regardless of the location of potential buyers
No presence of potential buyers in a physical data room required
Save Time and Money
Concurrent use of data room for all prospective buyers
Reduced or eliminated cost of physical data room
Less hands-on support during due diligence required
Convenient administration and access control
Reduce Legal Transaction Risks
Ongoing listings of all documents in the data room
Automatic tracking of every download: by whom, what date, which version
Proof that all critical information has been delivered to the buyer prior to transaction
Electronic documentation of the whole sales process
Optimize Transaction
Uniform and efficient process for all transactions
Control and transparency for deals worldwide
Minimize disturbances in the to-be-sold-company through rumors or preliminary talks with the employees
Highest data and access security standards
Advantages for the buyer
Easy and Comprehensive Search
Full-text search in all related asset documentation including building plans, lease agreements, and scanned in documents
24/7 use of online data room
Multilingual user interface
Save time and costs
Reduced travel costs - in particular for legal, accounting, and other external advisors
Reduced appraisal costs
No local presence in a physical data room required
Reduce legal transaction risks
Ensure that the latest versions of all documents have been reviewed
Up-to-date and comprehensive information to support optimal strategic decisions
Uniform information standards and structures for all bidders
Ease of use
Simple web-based user interface
Virtually no training required
Continuity
After transaction, seller can hand over the access codes to the buyer. The new owner starts with a complete set of electronic documentation
Of course all documentation can be delivered via DVD as well
Success Story: Commerz Real
23 October 2006
Commerz Real Sells German Real Estate Block with a Volume of Euro 526 Million
Committed to the goal of further optimising its real estate portfolio, Commerz Real (formerly Commerz Grundbesitz Investmentgesellschaft (CGI)), a member of Commerz Grundbesitz Group (CGG), has sold a block of German fund real estate out of the hausInvest europa open-end property fund which the company manages.
The package has a total value of Euro 526 million, and was sold to Morgan Stanley Real Estate Fund (MSREF). One of the positive effects of the ongoing portfolio optimisation is the rejuvenation of the fund real estate, as the objects included in this block have been part of the portfolio for an average of 20 years.
Added Value thanks to conject: Structuring, Data Collection and Due diligence
