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Case Studies - Building Consultancy
1. Building Survey -
Consultancy Practice, Central London
Project Goals:
- Establish condition and likely level of
expenditure for duration of the lease term
- Building consents and compliance issues
fully explained
Results:
- Cap placed on service charge
eliminating exposure to unforeseen Landlord charges by £60,000
- Full survey outlining building defects
and likely future expenditure
- All risks and building limitations
covered
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2.
Dilapidations Defence - Office & Telco HQ, Fleet Street
Project Goals:
- To reduce landlord dilapidations and
reinstatement claim of £1,100,000
- Aggressive procurement of the works
reduced liability
Results:
- Reviewed leasehold documentation and
repairing obligations to establish "real exposure"
- Comparison of building condition V
leasehold obligations
- Final claim reduced from £1.1m to
£330,000, a saving of 65%
- Client achieved ROI of 1:20 on
consultancy costs
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3.
Dilapidations Defence -
Multi-National Printing & Stationery Co.,
Maidenhead
Project Goals:
- Defend Landlord claim of £500,000
- Stem exposure by mitigating a
proportion of the claim to the sub-tenant
Results:
- Sophisticated valuation techniques used
to reduce exposure
- Reduced the claim by 45% or £225,000
- Allocated further 20% or £100,000 of
the claim to the sub-tenant
- Client saved a total of £325,000 or 65%
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4. Schedule
of Condition -
Communication Company, Cambridge
Project Goals:
- Support the acquisition of a 35,000
sqft property within Cambridge's Innovation and Science Parks
- Minimise service charge exposure and
future dilapidations liability
- To make Lease negotiations more
effective for our client
Results:
- Survey revealed list of repairs
excluded from the lease
- Our client avoided financial exposure
by capping the Service Charge
- Client achieved ROI of 10:1 for
consultancy advice
- Future dilapidations liability reduced
by £150,000
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