Complex redevelopment completed on 500 m2 in street retail
01.11.2016
On commission of a third party investor, Seven Stones acquired a retail property in street retail next to a station of Moscow subway.
The package of redevelopment services included:
- commercial due diligence (property valuation, appraisal of economic potential after redevelopment, business modeling and redevelopment programming)
- legal due diligence (prepping and executing the acquisition deal, terminating existing leases)
- technical due diligence (working with BTI records, auditing of contracts with service providers, developing strategy to obtain utility loads required for the redevelopment project)
- brokerage (development of balanced tenant mix, drafting business and legal terms of leases, tenant prospecting and signing leases with new tenants)
- securing bank financing for the acquisition
- technical, legal and administrative support to redevelopment (technical supervision, as-built package compilation, re-execution of contracts with service providers, new tenant coordination)
- putting the project into operation, stabilizing the project’s cash flow in line with the business model approved by the investor
