Drooms supports the sale of a European logistics portfolio
26. August 2021
London, 26th August 2021 – Drooms, the leading provider of digital platforms for real estate assets in Europe, has supported the sale of a pan-European logistic portfolio with their digital data room solution Drooms TRANSACTION. The seller was real estate investment manager Barings, the buyer Swiss Life Asset Managers. JLL acted in an advisory capacity. The parties agreed not to disclose the purchase price.
The 188,000 sq m European logistics portfolio sold by Barings consists of ten assets, located in Germany, France, Italy and Spain. Six of the ten assets are dedicated cold storage units. Tenants of the properties include a parcel service and food logistics companies.
Rosanna Woods, Managing Director UK at Drooms, stated: "We are delighted to have been able to support Barings in the sale of this complex portfolio. When it comes to cross-border deals in particular, virtual data rooms offer unique advantages including ensuring secure and effective collaboration across time zones. Drooms’ built-in document translation tool for example, enables users to translate documents in real time from within the secure environment, reducing the risk and costs associated with online third-party tools and translation agencies."
Drooms, Europe’s leading provider of virtual data rooms, grants companies controlled access to confidential corporate data across company boundaries and specialises in customised solutions across the entire value-added chain. In addition to securely handling confidential business processes such as commercial real estate sales, mergers & acquisitions and NPL transactions via Drooms TRANSACTION, Drooms PORTFOLIO maps all stages across the entire Lifecycle Asset Management process on a single platform. Currently, more than 25,000 companies across the world use Drooms, including leading global real estate companies, consultancy firms, law firms and corporations such as the METRO GROUP, Evonik, JLL, JP Morgan, CBRE, Rewe and UBS. The software specialists have concluded over 15,000 complex transactions with a total volume of more than EUR 500 billion.