Service 09 · Advisory

A second opinion
costs less
than a mistake.

We deliver independent assessments of strategies, leases, concepts or investments. Fast, in writing, without a consulting contract attached.

What it is about

Investment decisions need certainty — and sometimes also contradiction.

Owners, asset managers and investment committees often make far-reaching decisions on a single source: their own team, an advisor, a seller. If that source is good, everything is fine. If it has blind spots, it gets expensive.

A second opinion is the most cost-effective form of risk reduction. It questions assumptions, reviews numbers, identifies risks — and confirms a strategy when it is sound. Or warns against it when it is not.

What matters to us: we deliver an opinion, not a follow-on engagement. A second opinion is a closed mandate — not the door-opener to a larger advisory project. That separation is the prerequisite for independence.

What we deliver in concrete terms

Five situations where a second opinion pays off.

We deliver a written assessment — usually within 14 days, depending on the volume of documents.

01

Before an acquisition decision

You have a due diligence report and want to know whether the assumptions hold. We review market data, rent assumptions, capex needs and deliver a second perspective — even when the first advisor has a strong reputation.

02

Before a repositioning decision

Before you commit twenty million euros to a revitalization: does the concept really work at this location? Are the assumed rent increases realistic? Have alternative uses been examined? We deliver the stress test that no one can deliver internally.

03

Before a sales-strategy decision

When a sale is coming up, the right marketing strategy is the difference between a good and an outstanding price. We review the planned approach — and identify optimizations that show up in the sale proceeds.

04

Before strategic lease negotiations

On large leases — anchors, food court operators, mall anchors — a second view is worthwhile. We review draft contracts for market-standard conditions, risks and optimization potential.

05

On strategic concept questions

We review existing strategies, marketing concepts or positioning papers — and deliver an honest assessment. What is solid? What is wishful thinking? What is missing?

"We turn out to be right more often than we would like. But better right before the decision than after."

— Our position
Why CM

Drei Eigenschaften, die eine Second Opinion wertvoll machen.

Independence without follow-on engagement

We deliver an opinion, not a gateway to follow-on advisory. This clean separation is the reason our second opinions are so direct.

Experience from day-to-day operations

Our assessments do not come from a PowerPoint world but from daily center management. We know whether a tenant concept works — because we negotiate with tenants every day.

Fast delivery in writing

Typically 14 days from documents to report. That is the speed at which investment processes run today — anything else is too slow.

Dr. Marcus U. Hüttermann
Your contact

Dr. Marcus U. Hüttermann

Beratung & Second Opinion · CM Immobilienmanagement GmbH
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