THE PENGUIN PORTFOLIO, NATIONWIDE

Instruction Synopsis

Propitas was instructed to provide technical due diligence services with regards to a proposed acquisition of three office assets located across the country. These properties ranged from 40,000 – 60,000 sq ft each built between the 1980s and 2000s.

Following our appointment, we put together an experienced team of building surveyors, services consultants and environmental consultants to undertake inspections and prepare executive summary reports issued within a pre-agreed timeframe. Following the issue of the reports, we continued to liaise with the client as well as their legal and agency advisers in order to close out all issues that had been identified as a result of our inspections.

HOW PROPITAS ADDED VALUE

We had a single point of contact to deal with the distribution of flow of information, as well as QA of final reports, to ensure consistency of approach and advice. This gave the client comfort that each report reflected their specific tailored requirements, as well as peace of mind that queries were being dealt with by a single point of contact, reducing the stress that a portfolio acquisition can bring.

Our diligent approach in ensuring our final reports did not contain open ended recommendations, meant that our client was able to proceed with the acquisition with all key risks closed out, and clear reports in place to document this.

KEY INFORMATION

• By liaising with the associated parties both during and after the inspections we were able to give our client accurate advice in a timely fashion
• Follow up advice, conference calls and revised schedules were prepared to identify key risks and costs
• Each report was tailored to the clients’ specific needs in connection with the portfolio
• Our client went on to purchase the portfolio with our reports in place to assist with future issues that may arise

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