Financial Settlement of Landlord’s Dilapidations Claim
A recent instruction typifies the type of dilapidations instruction that Propitas are appointed to deal with. We prepared a Terminal Schedule of Dilapidations on a 23,000ft2 office on behalf of the landlord, a large Property Company. The building was subsequently sold around the time of … Read More
Units 1 To 6, Aylesham Industrial Estate, Bradford
Instruction Synopsis Propitas were instructed on behalf of Wesleyan Assurance Society to manage the refurbishment of six industrial units at Aylesham Industrial Estate, Bradford. The client took back vacant possession from the former tenants at various stages, and elected to refurbish the units in order … Read More
Propitas Appointed on Major Serviced Office Scheme
On behalf of Northwood Investors International, Propitas have been appointed as Project Manager, Employer’s Agent and Cost Consultant on the multi-million pound refurbishment of the former Diageo office in Edinburgh, which they acquired in the middle part of 2019. The works will result in the … 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
Propitas Completes Works To Grade II Listed Former Bank
Propitas were appointed by the Landlord to act as Contract Administrator to deliver the external maintenance works to a multi-storey Georgian property comprising a hotel and bar in Liverpool City centre. The project included specialist stonework repairs and restoration, overhauling the timber framed windows, roof repairs and replacing … Read More
Feasibility Instruction Lands at Gatwick
Propitas were instructed to report on the condition of two buildings within the Gatwick Airport footprint and to compare the costs and feasibility of ongoing repair against major refurbishment or reconstruction. The buildings in question provide a critical function in the day-to-day operation of this major UK transport hub. Propitas were chosen due … Read More
Propitas celebrate Christmas 2019
The Propitas Directors, staff and their partners celebrated Christmas 2019 with an alternative afternoon of axe throwing in the Warwickshire countryside followed by a Medieval banquet at Warwick Castle and an overnight stay at the Ardencote Hotel. A great opportunity to celebrate another successful year … Read More
Propitas undertake Pre-Acquisition Survey
Propitas were appointed to undertake a pre-acquisition survey of a 14,000 square foot office building on behalf of an international electronics firm as part of their long leasehold acquisition. Although the building was just 10 years old and had never been occupied we identified significant … Read More
Station Approach, West Byfleet
Instruction Synopsis Our client Altitude Real Estate Investors acquired the site in mid 2015 which comprised a 1960’s office building over an existing town centre retail commercial centre. Initially Propitas advised the client during due diligence of the acquisition. Working with the Local Planning Authority, … Read More
The Belvedere, Tunbridge Wells
Instruction Synopsis Propitas are appointed by Altitude Real Estate Investors as Project Managers in connection with the mixed-use redevelopment of a strategic site in central Tunbridge Wells close to the main line train station. The proposed development comprises 108 residential apartments above 65,000 sq ft … Read More
Propitas Advise Major Electrical Distributor
Propitas were appointed to provide strategic dilapidations advice and an assessment of potential dilapidations liabilities in respect of a large distribution facility in Bedfordshire. The property comprised a large warehouse and ancillary offices extending to 116,000 square feet with extensive yard areas. An assessment was … Read More
A Race Against Time
Propitas were engaged by a major logistics operator to project manage the fit-out of a large distribution facility totalling 164,000 square feet. This followed the successful acquisition of the property with Propitas undertaking a pre-acquisition building survey and schedule of condition. Working to an accelerated … Read More
Leander House, Solent Business Park, Fareham
Instruction Synopsis Propitas were instructed by Wesleyan Assurance Society to carry out a pre-acquisition survey of this 25-year-old office building, which comprises circa 45,000 sq ft of office accommodation on a ‘Listed X’ status site. We were appointed to lead the technical team, which included … Read More
Evolution 50, Andover
Instruction Synopsis Propitas were instructed by Laleham Healthcare to undertake a pre-acquisition survey prior to the intended long leasehold occupation by our client. The property comprises a modern warehouse unit constructed in 2015 offering circa 52,000 sq ft of internal accommodation in addition to a … 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
Forbury Works, Reading
Instruction Synopsis Propitas were appointed by Boultbee Brooks Real Estate as Project Manager, Cost Consultant and Principal Designer on the refurbishment of Forbury Works, a 25,000 sq ft office building in central Reading, opposite the train station. The property comprised a concrete framed structure behind … Read More
Sheer House, West Byfleet
Instruction Synopsis Propitas were instructed by Altitude Real Estate to lead a technical due diligence team in pre-acquisition advice for this investment acquisition. The property comprises a mixed-use development constructed in the mid 1960’s extending to a site area of 1.2 acres. The property is … Read More
Viewpoint One, Bracknell
Instruction Synopsis Following the purchase of this 34,000 sq ft office, constructed circa 2001, our client approached Propitas to project manage a comprehensive scheme of refurbishment. Propitas led a team comprised of Architects, Structural and Services Engineers. Full vacant possession was achieved of the property, … Read More