"Freshfields Bruckhaus Deringer in Frankfurt has leveraged the deep learning technology of German-founded extraction and document management vendor LEVERTON for an accelerated real estate transaction for leading German investment company Conren Land AG. This is the latest in a succession of projects that the Magic Circle giant has worked on with LEVERTON – following the signing of a framework agreement in 2016. Conren Land, which focusses on acquiring and selling office spaces, purchased the ‘Machtlfinger Höfe’ office building located in Munich, built in 2003. The building is comprised of 21,500 sqm of leasable space and includes over 300 parking lots."
Freshfields "has leveraged the deep learning technology of German-founded extraction and document management vendor LEVERTON for an accelerated real estate transaction for leading German investment company Conren Land AG. Freshfields used LEVERTON during the due diligence process, simplifying the time-consuming and resource intensive process through the automated extraction of relevant key data points such as rent charges, break options or overhaul clauses. LEVERTON also provides a traceable audit between a structured data output and underlying documentation."
Contract documents
Freshfields was able to improve its service offering by making use of the LEVERTON platform in order to identify missing documents and discrepancies in the rent roll [landlord''s registry of leasers] compared to the documentation existing within their data room.