Drooms: LEDVANCE and BEOS complete transaction for commercial property asset over 34,000m² in size

23. July 2019

Drooms, the independent provider of secure cloud solutions, has supported the transaction involving a logistics real estate asset in Augsburg between LEDVANCE GmbH (LEDVANCE) and BEOS AG (BEOS) by providing a digital data room solution.

London, 19 July 2019:The parties have agreed not to disclose the purchase price of the property, which is situated on the Lechhausen business park, which covers an area of approximately 51,000m². The property includes two divisible logistics buildings with a surface area of more than 33,000m² and approximately 1,200m² of office space. Parts of the land can also be used for new construction projects. LEDVANCE, a lighting company and spin-off from OSRAM established in 2016, previously used the land as warehousing space.  When the factory in Augsburg was closed, the company took the decision to sell this property. The transfer to BEOS as representative proprietor and asset manager will take place in autumn 2019.

Henning Hempel, Global Head of Real Estate at LEDVANCE, commented: "In transactions, speed is essential. With Drooms as a partner for the digital transaction data room, we were able to exchange data with BEOS quickly and easily, before successfully completing the deal."

Alexandre Grellier, co-founder and CEO of Drooms, commented: "We are delighted to have been able to support this transaction with Drooms NXG. The high display speed of documents on our platform enables the fastest possible exchange between several participants. The comprehensive and intensive Q&A process is also carried out and recorded immediately in the data room."

Drooms NXG is a digital data room which makes intuition and intelligence key components of the due diligence process. With its easy to understand user interface and high document display speed, all participants can exchange data quickly and easily. With the Drooms NXG Findings Manager, a self-learning software solution and artificial intelligence have been introduced for automatic document pre-analysis in the virtual data room. As a result, the due diligence process is accelerated and potential risks and opportunities in a transaction can be identified earlier.