Contact
Aiva Āva

Associate Partner
Phone: +371 67 33 42 80
E-Mail

A major European bank asked us to help spin off the group’s property division. The role included preparing guidelines for data recording and support in current accounting and compiling financial statements. Our services were also to include offering assistance to all private investors in property fund management.

Challenge:

40 property fund entities owning 116 properties, each had different requirements under national GAAP and tax rules. In addition, approximately 600 property companies had to be integrated in the client’s IT system.

Delivered:

Rödl & Partner created a project team of up to 50 professionals who completed recording approximately 13,600 data units within a short period of time and established uniform guidelines for transaction processing.