Retail deal for Powell Williams
Building Consultancy Powell Williams has completed a
development monitoring project for Standard Life on a new ÃÂ£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
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."