55 Princess Street, Manchester
Service
Acquisition and Due Diligence
Project Management
Asset Enhancement
Sector
Office
Size/Value
57,000 sq.ft/£300,000
Summary
Leading the technical due diligence team for the acquisition, we project managed the implementation of asset enhancement works, also assisting the managing agents in approval of tenants’ fit-outs, as vacant floors were occupied.
Result
The building had solid office credentials, but remained largely vacant. By considering the client’s business plan to re-position the offering within the office market as part of the TDD process, we were able to advise upon the implementation of the strategy as part of the acquisition process, then immediately implement it.
The transformation, through focused refurbishment, resulted in new lettings and disposal at increased value. Essentially, a classic example of effective implementation of active asset management to deliver the clients vision.
Powell Williams delivers exactly the service that it promises; clear, concise advice, which is always commercially focused and expedient, with first class attention to detail. In simple terms, they make our life easier.
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