Optim Project Management: Successful Technical Due Diligence for Landmark Real Estate Transaction in Romania
Optim Project Management recently provided comprehensive Technical Due Diligence (TDD) services for the recent acquisition of 25 retail parks in Romania by The LCP Group from Mitiska REIM and Square 7 Properties. The TDD process was conducted by a team of over 22 professionals, including architects, civil engineers, MEP engineers, cost managers, and document controllers.
The TDD reports for all 25 retail parks (approx. 130,000 sqm), were completed in just 5 months, a confirmation of Optim Project Management’s expertise and efficiency. The reports provided a comprehensive assessment of the properties’ condition, market value, and investment potential. The 25 retail parks, strategically located across the entire country, showcase Optim Project Management’s presence and the ability to handle projects on a national scale. The diverse geographical spread underscores the company’s capability to manage and deliver tailored solutions for clients across regions.
“We are honoured to have played an important role in this landmark transaction, which exemplifies the robust Romanian real estate market, and to have been chosen by Mitiska REIM to provide our expert TDD services” said Petruta Ion, Project Manager at Optim Project Management.
In addition to the TDD reports, Optim Project Management also managed the archiving of all construction books for the 25 retail parks. This included organizing and verifying all of the project documentation, ensuring that the buyer had complete transparency into the history of the properties.
“The real estate transaction of the year is a great achievement for Optim Project Management,” said David Evans, Founder and Owner of Optim Project Management. “We are committed to providing our clients with the highest quality of services, and we are always striving to exceed their expectations.”
This transaction marks the latest in a long line of successful projects for Optim Project Management. The company has a proven track record of providing exceptional TDD services to clients across a variety of sectors, including greenfield plots of land, residential, industrial, logistics, retail, etc.