BAA

LOCATION:

Portfolio of airport bonded warehouses and offices

VALUE/SIZE:

420,000 sq m (4,500,000 sq ft)

OUR ROLE:

Portfolio Acquisition Surveys - Our client was chosen as one of the preferred bidders to acquire an interest in the BAA portfolio of bonded warehouses and offices serving several major UK airports. Following inspection, we prepared concise reports highlighting potential liabilities within the vendor's surveys.  We completed our executive summary reports within two weeks of instruction.

BAA
BAA Portfolio
Freeport
Freeport Portfolio
St Katherine Docks
F&C Reit Asset Management
Vodafone
Vodafone Portfolio
William Hill
William Hill Portfolio
Standard Life
Standard Life Portfolio
Boots
Boots Portfolio
Aviva
Aviva Portfolio
Norbert Dentressangle
Norbert Dentressangle Portfolio
BSS
BSS Portfolio
Docklands
Docklands
Guildford
Guildford
F&C Reit Portfolio
F&C Reit Portfolio
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LOCATION:

Portfolio of airport bonded warehouses and offices

VALUE/SIZE:

420,000 sq m (4,500,000 sq ft)

ROLE:

Portfolio Acquisition Surveys - Our client was chosen as one of the preferred bidders to acquire an interest in the BAA portfolio of bonded warehouses and offices serving several major UK airports. Following inspection, we prepared concise reports highlighting potential liabilities within the vendor's surveys.  We completed our executive summary reports within two weeks of instruction.

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BAA

LOCATION:

Freeport Portfolio situated throughout the UK

VALUE/SIZE:

73,400 sq m (790,000 sq ft)

ROLE:

Acquisition Survey - Hermes sought to acquire an interest in five large out of town retail parks stipulating a two week turnaround.  We provided inspections and brief summary reports together with FRCA for each site ahead of schedule.  The client proceeded with the acquisition.

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Freeport

LOCATION:

St Katharine Dock, London, E1

VALUE/SIZE:

69,670 sq m (750,000 sq ft)

ROLE:

Appraisal of Vendor's Reports - Acting as technical auditor we co-ordinated the professional team to review vendor's reports.  Within our own report, we summarised key findings, budget costings and commented on the terms of appointment for the vendor's team of consultants.  We subsequently made a presentation to the client and their advisors to discuss the implications of our findings.

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St Katherine Docks

LOCATION:

Nationwide

VALUE/SIZE:

90 branches

ROLE:

Dilapidations Liability & DDA Assessments - We carried out inspections of 90 properties completed within 6 weeks of instruction.  Our role was to assess relevant lease terms, potential repairing liabilities and DDA access appraisals. We went on to implement identified repairs on a rolling basis and have prepared acquisition survey reports prior to entering into new leases.

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Vodafone

LOCATION:

England & Wales

VALUE/SIZE:

Nationwide branches

ROLE:

Asset Management Maintenance - We are one of the client's retained building surveying consultants appointed to advise on the William Hill property portfolio situated throughout the UK.  We assist the Estates Department by providing the following services; dilapidations advice, planned maintenance and emergency repairs, contract administration, party wall and expert witness.

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William Hill

LOCATION:

Nationwide

VALUE/SIZE:

214,000 sq m (2,300,000 sq ft)

ROLE:

Asset Management Building Surveyors - We assist with the management of a selection of industrial, office and retail estates throughout the UK. We agree in advance the client's strategies liaising with their managing and letting agents to avoid unnecessarily lengthy lease end disputes.  Applying a holistic approach we ensure that dilapidations and repairs/refurbishments are viewed in parallel, and not seen as independent functions. This approach minimises rental voids and helps to recover appropriate financial settlements.

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Standard Life

LOCATION:

Nationwide

VALUE/SIZE:

78 Branches

ROLE:

Preparation of Vendor's Survey Reports - On behalf of the seller, we inspected and prepared vendor's surveys on 78 properties within a 4 week timescale.  We focused on issues pertinent to the sale/purchase process distilling the key points into concise reports; providing solutions not just a list of problems.  Post purchase we were approached by the new owners to action repairs listed within our reports as defined under the purchase agreement.

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Boots

LOCATION:

North and South East England

VALUE/SIZE:

various

ROLE:

Asset Management Building Surveyors - As framework consultants for Aviva Investors we assist with the management of various industrial and retail estates throughout the UK. On agreeing the client's strategies with their asset managers and letting agents, unnecessarily lengthy lease end disputes can be avoided.  Applying a holistic approach we ensure that dilapidations and repair/refurbishment are viewed in parallel and not independently, thus minimising rental voids and recovering appropriate financial settlements.

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Aviva portfolio - Stakehill

LOCATION:

Nationwide

VALUE/SIZE:

500 sq m - 50,000 sq m (5,400 sq ft - 540,000 sq ft)

ROLE:

Asset Management Building Surveyors - We are the clients retained building consultants for a mixed portfolio of distribution warehouses, production facilities and chilled food storage throughout the UK.  We provide dilapidations, exit strategies, landlord liaison, schedules of condition and general repair and maintenance.

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Norbert Dentressangle

LOCATION:

Nationwide

VALUE/SIZE:

Trade counter units of various sizes & head office accommodation

ROLE:

Asset Management Building Surveyors - We are the clients retained building surveying consultants providing advice prior to acquiring new trade counter units, and at lease end in the negotiation of dilapidations claims. We have also reported on their head office, leading a team of consultants during the inspection and preparation of Planned Preventative Maintenance Programme.

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BSS

LOCATION:

Nationwide

VALUE/SIZE:

29,725 sq m (320,000 sq ft)

ROLE:

Portfolio Acquisition Survey -  The fund looked to acquire a portfolio of 7 buildings located throughout the UK, brought to market by REEF.  We co-ordinated a team of M&E engineers, and environmental consultants during the due diligence process. Following our  preliminary reports we held face to face review meetings with the client and their advisors to ensure  understanding of the implications of our findings.

 

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Docklands

LOCATION:

Nationwide

VALUE/SIZE:

133,410 sq m (1,436,000 sq ft)

ROLE:

Portfolio Acquisition Survey - The Client looked to purchase a mixed portfolio of 33 buildings located nationwide from Commercial Union.  We co-ordinated a team of consultants during the due diligence process and following our  preliminary reports,  held face to face review meetings with the client and their advisors.

 

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Guildford

LOCATION:

Nationwide

VALUE/SIZE:

557,361 sq m (6,000,000 sq  ft)

ROLE:

Portfolio Acquisition Survey - The appointing fund looked to acquire an extensive portfolio of mixed use buildings from the Evans Property Group.  Acting as technical auditor we co-ordinated the professional team to review vendors reports.  Within our own report, we summarised key findings, budget costings and commented on the terms of appointment for the vendor's team of consultants.  We subsequently made a presentation to the client and their advisors to discuss the details of our findings.

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F&C Reit portfolio