Drooms Facilitates Sale of Aqua Portfolio by Union Investment
01. December 2015Digitisation allows for an efficient and structured process
London, 1st December 2015 – The sale of the Aqua Portfolio by Union Investment to Amundi Real Estate was one of the largest real estate transactions in Europe this year. The extensive property transaction took place in the framework of a structured selling process and was completed in just five months. The virtual data room necessary for the due diligence phase of the transaction was provided by Drooms, a European provider of secure cloud solutions. The digitisation of the transaction process was a decisive factor in its success. Detailed administrative processes were put in place to control third-party access rights at group and document level. All data room activity was documented in order to meet security and compliance requirements, and to ensure a comprehensive report could be produced once the contract was concluded. The efficiency of the complex due diligence process with its large quantities of data was also of the utmost priority for the selling process to be successful. Because all documents could be displayed quickly and in real time, a streamlined selling process was guaranteed for all parties.