Reinstatement Cost Assessments
Retail & Leisure
5,000,000 sq.ft/£800m declared value
Following acquisition of the portfolio, comprising of 142 sites of retail, office and industrial properties across the UK, we assessed re-build values for insurance purposes, within a two month time frame following purchase, to ensure that our client would not be exposed to either excessive insurance premiums, or under-insured sums due to inherited reinstatement valuations. Utilising our network of offices, we completed a centralised review of data to ensure that all valuations were consistent and in-line with industry pricing guides.
The portfolio report was published on programme and enabled the client to identify those properties which had been over- or under-insured and to secure competitive premiums though discussions with their broker. Our report was also used to substantiate increases in premiums where service charge was recoverable.
M&M has worked with Powell Williams for over 15 years and the practice has played a key role in the delivery of projects across the entire property life cycle of our portfolio. They understand our business. Their approach is sensible and honest and their advice is commercial and concise, enabling us to meet our objectives both on time and within budget. Their client’s best interests are paramount and I wouldn’t hesitate in recommending them.