UBS Real Estate

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UBS Real Estate

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Client:
UBS Real Estate

Sector:
Commercial

Business:
Mace

Service Carried Out:
Due Diligence

Project Dates:
2005

Office:
Germany

Details matter

Mace was commissioned to provide a suite of due diligence services on 12 existing office buildings in Munich and Nürnberg as a precursor to potential purchases by UBS Real Estate.

Mace provided key analysis of building licences and regulatory compliance advice, in particular concerning fire regulations. Site inspections were carried out to obtain an overview of the state of the structure, fabric, installations and maintenance. We also provided a review of disabled access facilities and checked measurements of building size. In addition to calculating cost for the priority repair work, Mace also produced maintenance and repair cost schedules for the following ten years.

Features:

  • 2 buildings comprising 131,000m2 office space plus underground car parking and plant rooms
  • Technical inspection on the physical state of the buildings, in regard to construction, installations and maintenance
  • Reviewing of the building documentation in the data room
  • Compliance of current regulations: fire protection, evacuation, disabled access
  • Review of maintenance contracts and guarantees
  • Audit of building measurements
  • Inspection of potential environmental risks, including hazardous materials
  • Cost calculation of necessary refurbishments for two buildings
  • Mandatory updating in the case of a purchase to comply with current planning restrictions and other regulations, including cost calculation for all buildings

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Links

Client: UBS
http://www.ubs.com/1/e/financial_intermediaries/germany.html

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