Lilli Portfolio: Drooms Facilitates Sale of Seven Office Buildings
09. November 2015
The “Lilli portfolio” consisting of seven office buildings in Germany has been purchased by Swiss Life Asset Managers and Standard Life Investments for EUR 325 million. The sellers are two Conren Land Luxembourg-based funds. The office portfolio, with a total rentable space of 115,000m2, includes properties in Hamburg, Frankfurt, Nuremberg, and Munich. The sale was structured as an asset and share deal.
Drooms, as a secure cloud provider, supplied the secure data room for the sale. “The simple Q&A process and the speed of the data room helped ensure a streamlined and efficient process,” said Alexander Makswitat from the seller side. The high-speed, real-time document display streamlines complex due diligence processes. Furthermore, a number of additional tools and services ensure a seamless and efficient workflow. For example, the Q&A management platform establishes a structured question-and-answer process supported by dedicated project managers. External third party access to sensitive documents can be controlled with detailed permissions administration at group and document level. All data room activity is documented in order to meet security and compliance requirements.
The Drooms software solution has assisted thousands of complex transactions such as real estate sales, mergers & acquisitions and IPOs. Drooms ensures these transactions are secure, transparent and efficient. As the leading European provider of secure cloud solutions, the total value of transactions so far facilitated by Drooms amounts to more than EUR 200 billion.