The Meadows Shopping Centre, Chelmsford, Essex
Service
Vendor Surveys
Dilapidations
Planned Maintenance
Contract Administration
Sector
Retail & Leisure
Size/Value
400,000 sq.ft
Summary
We provided pre-acquisition advice on the client’s business plan prior to purchase. Immediately following acquisition, we advised and managed planned preventative maintenance works. We also provided feasibility reports and cost assessments for empty units/prospective tenants and agreed dilapidation settlements. By fast-tracking an office refurbishment to secure a new letting, voids were minimised in conjunction with a dilapidations claim.
Result
By ensuring a continuing good standard of repair, unforeseen expenditure has reduced. With the demise of BHS, our flexible yet targeted approach considering various schemes for the vacant unit, enabled various tenant offers (supported by reliable cost assessments) to be scrutinized.
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