Building Consultancy Capability and Experience June 2014

www.geraldeve.com

BUILDING CONSULTANCY CAPABILITY & EXPERIENCE

June 2014

www.geraldeve.com

INTRODUCTION

• A leading advisor offering a comprehensive range of services on all aspects of commercial property investment and management

• 350 staff operating from nine UK offices, advising over 40% of FTSE100 companies

• An independent partnership with an acknowledged culture of innovation and understanding

www.geraldeve.com

www.geraldeve.com

THE BUILDING CONSULTANCY GROUP

• Team of 12 building surveyors and project managers, providing technical advice and construction expertise to investors, developers, occupiers and funders, from our offices in London, Birmingham and Manchester

• We deliver building surveying and project management services that combine technical expertise, market knowledge and experience and good negotiating skills

• We recognise that our advice does not exist in isolation. We draw upon our wider understanding of the real estate market and the other expertise available within Gerald Eve, to deliver commercial solutions

www.geraldeve.com

Simon JohnsBirminghamTel. +44 (0)121 616 4824 [email protected]

Richard FiddesLondon Tel. +44 (0)20 7333 [email protected]

David MurgatroydBirminghamTel. +44 (0)121 616 [email protected]

Miles ThompsonLondon Tel. +44 (0)20 7333 6395 [email protected]

THE TEAM

Associates

Mike DonohoeManchesterTel. +44 (0)161 830 [email protected]

Paul EnglandLondon Tel. +44 (0)20 7333 6278 [email protected]

Partners

John MacMillanManchesterTel. +44 (0)161 830 7086 [email protected]

Carl HaynesBirminghamTel. +44 (0)121 616 [email protected]

Gerald RingeLondon Tel. +44 (0)20 7333 6336 [email protected]

Adrian WalshBirminghamTel. +44 (0)121 616 [email protected]

Senior Surveyors Assistant surveyors

Samuel BattyLondon Tel. +44 (0)20 7333 [email protected]

Adam GrahamLondon Tel. +44 (0)20 7333 6433 [email protected]

www.geraldeve.com

ADVICE AT EACH STAGE OF THE PROPERTY LIFECYCLE

Building surveyDevelopment monitoringSchedules of conditionOption appraisal

Party wallsDesign & buildContract administrationProject managementFeasibility study

Vendor surveysOption appraisal

Dispute resolutionExpert witness

Dilapidation advice

Option appraisalPlanned maintenance

Reinstatement costassessment

Licence to alterDefects analysis

Fit out

Exit

Occupy

AcquireDevelop

www.geraldeve.com

OUR APPROACH

• The identification, management and reduction of risk, whether that be about financial certainty, programme management or technical perfomance

• Improving your negotiating position

• Avoiding surprises

• Identifying opportunities to save costs and unlock value

• Helping to ‘future proof’ buildings

• Asset enhancement through identifying opportunities to improve performance

www.geraldeve.com

SOME OF OUR CLIENTS

www.geraldeve.com

CASE STUDIES

Project Management

Travelodge, Pembroke Broadway, Camberley, Surrey

Fairgate Investments Limited

100 rooms

Project Management/Employers Agent

Project management and contract administration of a new hotel and three retail units in Camberley, Surrey. The project has been complicated by the need to divert a main drain below the site, carry out highways work and demolish the existing office building prior to commencement of construction.

www.geraldeve.com

CASE STUDIES

Contract Administration

Aldwych House, 71-91 Aldwych, London, WC2B

Consolidated Real Estate manage Services (CREMS)

Front Facade – Offices

Gerald Eve initially advised on the investment aquisition and identified a number of issues to be addressed.

Gerald Eve were subsequently appointed as Project Manager and Contract Administrator for the external cleaning of the limestone façade and redecoration of the windows including repairs to the roof. The work involved the coordination of a professional team including structural and stone restoration experts.

The project also involved investigation and repair to corroded steel structures (Regents Street Disease). The project was completed over a three month contract period to the satisfaction of the client and building occupiers.

www.geraldeve.com

CASE STUDIES

Project Management and Building Survey

St. Olave’s, Tooley Street, London (Grade II)

Grand Hotel Investments Limited

Proposed 79 bedroom hotel

We were initially instructed to inspect and report on the condition of this Grade II listed former grammar school building to facilitate its purchase for conversion into a boutique hotel. Our role was to identify the condition of the structure and fabric and advise on the costs of the necessary works to return the property to a good state of repair.

Gerald Eve have since been instructed as project managers for the conversion project. We have assembled the team, coordinated the design and obtained tenders. Work is about to commence on site on this £20 million project.

www.geraldeve.com

CASE STUDIES

Project Advisory

5 Cathedral Close, Exeter

ASK Restaurants Limited

Grade I Listed Building

Dilapidations & Project Management Advice

Gerald Eve were appointed following the service of a Notice to repair by the landlord upon our client, ASK Restaurants Limited. We liaised with the landlord’s surveyor and the local Conservation Officer to agree the extent and methodology of repairing this Grade I listed building located within the historic streetscape surrounding Exeter Cathedral.

We prepared and tendered a full specification and schedule of works, obtained local authority and landlord consents and administrated and supervised a minor works contract through to a successful completion, which remained within client budgets and key targets.

www.geraldeve.com

CASE STUDIES

Dilapidations

Priory Business Park, Bedford, Northampton MK44 3UP

Major Pharmaceutical Manufacturer

100,000 sq ft (9,300 sq m)

Tenant’s Dilapidations Surveyor

We were appointed by the tenant of a large pharmaceutical production unit to advise and act upon their behalf as part of a break clause operation and to advise and act upon their behalf in the matter of dilapidations.

We considered and advised upon the landlord’s terminal dilapidations claim of £3,900,000. We inspected the premises, reviewed the lease documents, especially those relating to reinstatement. Following lengthy negotiations a full and final settlement was reached at a sum of £1,700,000.

www.geraldeve.com

CASE STUDIES

Development Monitoring

Kingsway Business Park, Rochdale, OL16 4NG

Canada Life Limited

616,000 sq ft

Initial review of developer’s design and proposals and subsequent monitoring of construction project

We provided technical due diligence services for the client who funded the development of a large distribution and office facility for a leading sports fashion retailer.

Initially, the developer’s proposals and designs were reviewed and assistance was provided to the client’s legal team prior to the Development Agreement being agreed.

The construction phase was monitored and the project was successfully delivered within an 11 month period.

www.geraldeve.com

CASE STUDIES

Project Management

Level 25, City Point, 1 Ropemaker Street, London EC2

Whitbread Group

1,200 sq m (12,900 sq ft)

Project Management and Contract Administration

Acting on behalf of the head lessee we successfully negotiated a favourable dilapidations settlement with the outgoing sub-tenant as part of a lease break.

Instructed to project manage the refurbishment works to the office floor in order to provide a CAT A open plan office space suitable for marketing and subsequent re-letting.

Administered works, including substantial mechanical and electrical aspects, and delivered a completed project just ten weeks after the lease break date and within the agreed dilapidations settlement figure.

www.geraldeve.com

CASE STUDIES

Project Management

20 Gracechurch Street, London

PruHealth

1,200 sq m (12,900 sq ft)

Project Management and Employer’s Agent

Gerald Eve were appointed as Project Manager and Employer’s Agent as the client had decided to adopt a design an building procurement route. The works comprised mechanical and electrical alterations, installation of glazed fronted offices and meeting rooms, kitchen/breakout facility together with open plan office areas.

Following initial tender, substantial value engineering and negotiation had to be undertaken in order to meet the client’s budgetary target, which we were successfully able to do. The works were completed within a ten week programme and were very positively received by all company employees.

www.geraldeve.com

CASE STUDIES

Project Management and Technical Advice

14 Devonshire Square, London, EC2

Morden College

734 sq m (7900 sq ft), £5.2 million

Due Diligence Building Inspection

Gerald Eve were instructed to undertake a building survey in the anticipation of the client acquiring the freehold interest of the property. We appointed mechanical and electrical service engineers on a sub-consultancy basis taking a ‘one stop shop’ responsibility for the survey. The inspection commented on the internal and external building fabric condition, present M+E condition together with associated remedial costs. Gerald Eve subsequently managed fit out to Category B.

www.geraldeve.com

CASE STUDIES

Project Management

Building 4, Chiswick Park, West London

The Absolut Company

700 sq m (7,500 sq ft)

Project Management and Contract Administration

Our role included selection of the professional team and management of the design development process to ensure the Client’s internal design team’s aspirations were captured, whilst delivering the Cat B fit out within the overall project budget and in line with the Client’s timetable for relocation.

www.geraldeve.com

CASE STUDIES

Building Survey

111 Old Broad Street, London EC2N 1AP

China Construction Bank

120,000 sq ft

Gerald Eve where initially appointed to provide technical advice, including specialist input on cladding and curtain walling at the time of acquisition. We have subsequently advised on planning in relation to the creation of a retail banking hall and are now implementing the first phase of a planned maintenance programme.

www.geraldeve.com

CASE STUDIES

Project Management

181-186 Piccadilly, London, W1

Client: Fortnum and Mason Plc

External Renovation and Restoration

Gerald Eve were appointed to design, procure and act as Contract Administrator for the external renovation of the Fortnum and Mason store on Piccadilly. The works being undertaken include the renewal of the mansard roof structure and covering, replacement of single glazed windows to the upper floors, stone and brick repairs, specialist cleaning of the external elevations and external redecoration works. To facilitate the works, a full height scaffolding was installed to all elevations along with a striking building wrap.

Design and specification of the works involved coordination with Westminster Council to ensure the original character of the building was maintained and obtained Planning Permission.

Works are currently progressing and are due for completion shortly.

Leeds1 York PlaceLeeds LS1 2DRTel. +44 (0)113 244 0708

ManchesterNo 1 Marsden StreetManchester M2 1HWTel. +44 (0)161 830 7070

Milton KeynesAvebury House201-249 Avebury BoulevardMilton Keynes MK9 1AUTel. +44 (0)1908 685950

West Malling35 Kings Hill AvenueWest MallingKent ME19 4DNTel. +44 (0)1732 229420

London (West End) 72 Welbeck StreetLondon W1G 0AYTel. +44 (0)20 7493 3338

London (City)46 Bow LaneLondon EC4M 9DLTel. +44 (0)20 7489 8900

BirminghamBank House8 Cherry StreetBirmingham B2 5ALTel. +44 (0)121 616 4800

Cardiff32 Windsor PlaceCardiff CF10 3BZTel. +44 (0)29 2038 8044

Glasgow140 West George StreetGlasgow G2 2HGTel. +44 (0)141 221 6397