Dilapidations Assessment Report
Instruction Synopsis We completed a dilapidations assessment study and report for a large private members club on Pall Mall, London. The property comprises c. 85,000 sq ft arranged over lower ground, ground and five upper floors. The property is Grade 1 listed, was designed by … Read More
Portfolio Schedules of Condition
Instruction Synopsis Propitas were instructed on behalf of a client in the process of acquiring another business. As part of the transaction they required a record of the condition of 6 no. properties which were subject to existing occupational leases. The properties comprises 5 no. … Read More
Investment Office Building, Amersham
Instruction Synopsis We were appointed by the freeholder of this office to inspect this large office towards the end of the tenant’s 15 year FRI lease. The headquarter office building was constructed in circa 2002 and provides approximately 23,000 square feet over ground and first … Read More
Ashley Park House, Walton-on-Thames
Instruction Synopsis We were appointed by KBC to inspect their head office and prepare a dilapidations assessment report for budgetary and strategy purposes during the last few years of their 15 year FRI lease. The headquarter office building was constructed in circa 2001 and provides … Read More
Langley Studios, Langley, Slough
Instruction Synopsis We were appointed by Netflix to establish the state of repair of the property and prepare an estimate for the potential dilapidations liability for budgetary purposes prior to Netflix taking a new lease on the studios and thereby inheriting any dilapidations liability of … Read More
RCA Portfolio, Nationwide
Instruction Synopsis Propitas Ltd were instructed to prepare a full reinstatement cost assessment valuation on a portfolio of 13 properties located in Wales, Liverpool, Manchester, The West Midlands and London. The buildings mainly comprised residential (flats) accommodation with a number of properties also including retail … Read More
BUSINESS PARK OFFICES WEST RUISLIP, LONDON
Instruction Synopsis We were appointed by Pioneer GB Limited to prepare an estimate for their potential dilapidations liability on their 13,000 square foot offices prior to a decision to exercise their lease break and relocate. Having advised Pioneer of their maximum potential liability, a claim … Read More
Europa House, Bartley Way, Hook
Instruction Synopsis We were appointed by Northwood Investors International to prepare a terminal schedule of dilapidations claim on this circa 45,000 sq ft office building that had been occupied by BMW Finance since the 1990’s. Leading a team that included mechanical and electrical engineers, we … Read More
Selecta UK NATIONWIDE PROPERTY PORTFOLIO
INSTRUCTION SYNOPSIS Back in 2011 our client was undertaking a strategic review of their business and a review of their current property stock formed part of this exercise. Propitas were instructed to undertake a part desktop and part site based review of 8 no. nationwide … Read More
PPM PORTFOLIO
INSTRUCTION SYNOPSIS Propinvest approached us to assist with their ongoing maintenance of a portfolio of 7 no. nationwide shopping centres. We met with the client to agree the brief, understand their aspirations, reviewed property information including surveys and previous maintenance budgets, set up an agreed … Read More
LAKESIDE NORTH HARBOUR, PORTSMOUTH
INSTRUCTION SYNOPSIS Propitas were instructed to prepare a full reinstatement cost assessment valuation on this business park and development site. The built assets extend across 17 buildings, offering over 750,000 sq ft of mixed-use accommodation. The buildings vary in age and forms of construction, being … Read More
GLENEAGLES COURT, BRIGHTON ROAD, CRAWLEY
INSTRUCTION SYNOPSIS Propitas was originally instructed to prepare dilapidations assessments on ten small office units within this estate, which were all occupied by our client under the terms of various full repairing and insuring leases, which differed in term duration and obligation. Following close liaison … Read More
BUILDING 1000, LAKESIDE, PORTSMOUTH
INSTRUCTION SYNOPSIS Building 1000 comprises a 275,000 sq ft office complex, which forms part of the Lakeside North Harbour development, a flagship site under the management of our client. Built in 1976 and being in an exposed coastal location, the pre-cast concrete cladding panels to … Read More
ALBANY GATE, DARKES LANE, POTTERS BAR
INSTRUCTION SYNOPSIS Appointed on behalf of the tenant, we were asked to defend a terminal dilapidations claim with an initial value in excess of £845,000. This circa 25,000 sq ft office building was occupied under the terms of a full repairing and insuring lease, being … Read More
Distribution warehouse, Avalon, Eastleigh
INSTRUCTION SYNOPSIS We assisted a local occupier during the leasehold acquisition in 2009 of a 100,000 sq ft distribution warehouse and offices. The property was a mixture of 1970’s and 1980’s linked warehouses, which were in a pretty poor state of repair. We undertook and … Read More
