We were asked to appraise the asset and to recommend how best to maximise the return from the building for ING’s Lionbrook Property Fund.
The decision was made to undertake a full strip out and refurbishment programme so that the building could be put back into economic use in the shortest possible time-frame.
In order to manage risk, following a competitive bidding process, a management agreement was agreed with GoNative prior to start on site.
We managed the team and full refurbishment works having let the construction contract through a single stage competitive tender process.
The building was handed back on time and has since outperformed expected occupancy and rents.
