NEWS & EVENTS

04/08/2011

Powell Williams Completes Industrial Asset Enhancement

Powell Williams has completed the project management of a series of external improvement works to a 47,000 sq ft industrial unit in Leeds. Unit 20, on the Norquest Industrial Estate, forms part of a larger portfolio of industrial and warehouse units of around 147,000 sq ft in the Birstall area of Leeds, owned by fund Anthonymaker GP Ltd.

The £200,000 refurbishment has been carried out as part of Powell Williams' ongoing involvement with the portfolio. The team originally provided advice during the earlier acquisition of the property in May 2010, assisting fund manager Cube Real Estate and managing agents Optic in working the asset through proactive management and lease re-structuring.

Norquest

Martin Hunt, Partner for Powell Williams Chester office said "Having been involved in the original purchase of this part of the portfolio, we are in a good position to continue to offer cost effective, concise advice on the remaining works. This a good example of how Powell Williams provides a through the line approach from provision of clear advice at acquisition stage, then bringing our industrial market knowledge and professional expertise to the client's property management team, helping them to explore asset enhancement opportunities through dilapidations advice and advising on improvement opportunities."

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