CLIENT
Europa Worldwide Group
LOCATION
Northampton
CHALLENGE
We were instructed by the Tenant of the premises to assess the dilapidations liability at their 85,000sqft distribution warehouse 15 years after monitoring, on their behalf, the design, development, construction and fitting-out of the premises. The Tenant wanted to know the level of dilapidations liability inherent in the site well in advance of lease termination.
SOLUTION
The dilapidations liability was assessed and the works competitively tendered 12months prior to lease end. Upon receipt of the Landlord’s Terminal Schedule of Dilapidations we assessed the accuracy and validity of the claim. Negotiations were entered into with the institutional Landlord and their Building Surveyors whilst concurrently tendering a reduced scope of essential works. We fulfilled the roles of Contract Administrator and CDM Principal Designer, monitoring the essential works through to completion, valuing the Contractors applications for payment and ensuring the works were completed prior to lease termination and to the required standards.
RESULTS
By adopting a proactive approach 12 months prior to lease end, our Client was able to plan their exit strategy and explore their options well in advance.
Negotiations with the landlord’s surveyors, together with only undertaking essential works, resulted in a circa £1million saving against the initial costs claimed whilst also avoiding potentially lengthy and expensive post lease negotiations.
