Arbitrage provided to Lone Star, a leading private equity firm headquartered in Dallas, Texas technical due diligence services in relation to 31 REO, part of the Jupiter portfolio, sold by Alpha Bank. The majority of the assets were commercial assets (hotels, offices and retail).
The portfolio included also industrial and residential properties. Arbitrage services included 11 walk in site inspections, 12 drive-by inspections and 8 desktop technical assessments. Arbitrage also:
· Reviewed the as built status
· Assessed planning regulations compliance
· Investigated associated risks from poorly equipped and maintained building equipment
· Audited the energy efficiency
· Produced a cost rectification report
· Advised on significant remediation works to improve commercial performance