The Fort Shopping Centre, Birmingham
Service
Acquisition and Due Diligence
Sector
Retail & Leisure
Size/Value
300,000 sq.ft (29.4 acres)
Summary
Working with George Capital LLP in its capacity as Invesco Real Estate’s operating partner on the project, we inspected the whole park externally, along with 11 vacant units internally, and coordinated the inspection of landlord’s engineering services.
We provided high level comment on the elements of the business plan for the park, along with providing budget cost advice for other maintenance works in excess of the current service charge expenditure.
Result
Having “boots on the ground” within a tight timeframe was vital and we were on site within two working days of Heads of Terms being agreed.
Our inspection was also undertaken within two days, with heads-up discussions at the end of each day.
We issued an Executive Summary within four working days and the full report the following week enabling the client to exchange and complete the deal rapidly.
Speed and confidentiality was critical on this project and involved adhering to a stringent timeline. It was a great team effort by all involved, and we’re grateful to Powell Williams for not only their fast turnaround but expertise and pragmatic advice, which enabled us to get the deal over the line.
Previous Case Study
More related case studies
