Breakspear Park, Hemel Hempstead
Office | Martin Hunt | 7 December 2023Powell Williams supports Praxis Real Estate Management in their acquisition of Breakspear Park, Hemel Hempstead, a 295,440sq.ft former BP headquarters office building now reconfigured to provide high quality multi-let office space.
As part of our ongoing technical due diligence services to Praxis, we mobilised a consultant team to complete our inspections and issued our initial report within 3 weeks of instruction. The fundamentals of the building were good, having been constructed to a high specification in the 1980s, but we managed to identify areas to improve the ongoing asset management in line with Praxis’ pro-active asset strategy.
Based on our recommendations Praxis were able to conclude negotiations from a favourable position.
Charlie Arden, Investment Director at Praxis said…
“Powell Williams have been a valuable advisor for our purchase of Breakspear Park, along with several other recent acquisitions. Their succinct advice has allowed us to swiftly understand and manage the numerous TDD challenges with this complex asset.”
Martin Hunt, Partner at Powell Williams, who led the TDD instruction said…
“We have worked with Charlie on a number of acquisitions over the last couple of years and being appointed to complete the TDD on such a landmark office building was great. I am pleased to note that once again we delivered on our Clear Concise Advice”
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