In recent years, the real estate market in the CEE region has on one hand been driven by the growth of the e-commerce sector, and on the other – stopped by the price uncertainty caused by the pandemic. It was seen especially in the office sector, which had to unexpectedly adapt to the trends of remote working. In result, some investments were suspended, while others required to maintain a fast pace of proceedings due to price fluctuations and pandemic restrictions. What did VDR provide to our RE client in these changing circumstances?
Our client, a Real Estate fund with an established position in the Central European market, needed a tool that would enable quick implementation of the Due Diligence process and the sale of real estate, and at the same time ensure:
FORDATA Virtual Data Room system answered perfectly to the needs for secure and convenient confidential documentation exchange. Especially, when there appeared pressure to close the investment quickly.
Thanks to this, we were able to limit
the risk of information chaos , which had a direct impact on the speed of completion of the real estate sale process.
The very process of uploading and sharing documents, thanks to, among other features, automatic operations for entire groups of users, was as fast and efficient as possible.
It is once again worth referring to the needs that have arisen
on the side of the owners and investors. Thanks to the shortening of the duration of the transaction, the owners – i.e. the target companies, and the fund itself, could also reduce the costs and risks arising from the uncertain
We could see a similar benefit on the buy-side as well: shortening the Due Diligence proceedings results in, among others things,
lower susceptibility to market fluctuations. Not only remote
24/7 access, but also the ease of navigating the system
and finding interesting documentation have been particularly important to and
appreciated by our clients.