Customer Problem / Need

Customer initially marketed the entire facility for sale.

They were unable to sell the facility as a whole, so the customer decided to redeploy their highest value assets to another facility in Dom Quat,Thailand.

Challenges

Unique customer specific equipment built for a specialized manufacturing process.

Solution

Auction & Private Treaty (full facility closure)

Multi Channels sales process developed and executed which included private treaty and the on-line auction sales process

Outcome

The sales grossed €2.3MM for the customer. The process was completed 4 months, and in advance of the required timeline.

The auction process exceeded the initial customer expectations by 53%.

Background and Timeline

Waterway accessible facility south of Lisbon, Portugal, in a highly industrial peninsula.

Former customer plant which closed in 2018, customer faced challenges selling the plantas a whole manufacturing facility

Total Plant Area: 500k sq. ft.

Expense Budget: €75k

Timeline

Set-up: January 2019

Marketing: February 2019

Sale Date: 3/11/2019

Removal: 5/24/2019 (Main Auction) & 6/30/2019 (Large Machinery)

Completion: 6/30/19