Retail deal for Powell Williams

Building Consultancy Powell Williams has completed a development monitoring project for Standard Life on a new £4.5m Morrisons supermarket development in North Wales.

Powell Williams was appointed in May 2009 as fund monitoring surveyor by the investment fund, ahead of its purchase of the development.

Powell Williams' Chester office, represented the purchaser's interests during the due diligence process and throughout the delivery of the construction programme. The instruction involved the technical appraisal of the development, assessment of the development teams' detailed proposals and costs, and certifying stage payment drawdowns of expenditure. Powell Williams also assessed and approved the fit-out proposals by Morrisons.

Richard Marshall, Fund Manager at Standard Life, said: "We identified this retail regeneration as a scheme with good scope for investment and return. and in appointing Powell Williams we were confident the team would bring the attention to detail, diligence and problem solving capabilities we have come to expect from them and once again they have delivered."


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