Project
Brightbay Real Estate Partners instructed the BTG Eddisons building consultancy team on Unit 53 Bilton Way, part of the Bilton Way Industrial Estate in Luton.
The brief was to prepare and negotiate a terminal schedule of dilapidations, which sets out the repairs a tenant owes when its lease ends. The team would then manage the resulting refurbishment. This covered full internal and external works, EPC upgrades and electric vehicle charging points.
Approach
The team agreed a £350,000 dilapidations settlement at lease surrender. It gave strategic advice to align the dilapidations claim with the project cost.
The team put the project out to tender and instructed the works on lease expiry. This kept the void between the lease ending and works starting to a minimum.
BTG Eddisons also advised on modern energy-saving solutions that fit the client’s corporate agenda. The building consultancy team worked closely with BTG Eddisons agency colleagues to make sure the works met current market requirements. It provided full contract administration and project management throughout.
Results
The team completed the project in three months, on time and under budget. The total project value was £407,637, including the client’s EPC upgrade and environmental, social and governance (ESG) works.
The client’s EPC assessment confirmed that the works improved the building’s overall rating.
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