AG Manchester office has recently been instructed by a European Property Investment Company to Project Manage a large warehouse Refurbishment Scheme in Warrington.
A Feasibility Study is currently being undertaken which will consider the various options available to the Client to ensure the property will achieve best value in the market place. An example of this is whether the unit should be divided to provide a number of smaller units.
AG were initially appointed in 2018, to prepare a Terminal Schedule of Dilapidations. Following negotiations with the former tenant, a financial settlement was secured at a level which protected the Clients interest and ensured a refurbishment could be undertaken to remedy the breaches of covenant identified.
Despite there being a number of technical challenges the AG team are looking forward to seeing the building refurbished and head of terms agreed with a future occupier.
AG believe that buildings should be assets and not liabilities and provide advice over a buildings life cycle – from acquisition or construction to refurbishment and redevelopment.
With offices in Lancashire, Greater Manchester and Yorkshire, our award-winning Property + Building Consultancy has a team with the capability and knowledge to offer technical advice and assistance to Clients throughout the UK.
Some of our Clients include national corporate companies, high street retailers, housing providers, investment funds, national leisure chains, the public sector, education authorities, healthcare providers, developers and private occupiers.
If you would like to find out further information about any of our Services, please contact us using the details below.