Creechurch Street, EC3
An existing block of 12 serviced apartments in need of full refurbishment to bring up to modern competitive standards.
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.