Star City, Birmingham, West Midlands
Service
Vendor Surveys
Sector
Retail & Leisure
Size/Value
400,000 sq.ft
Summary
The fund looked to acquire this landmark development in Birmingham. The substantial mixed-use leisure complex included a cinema, bowling alley, casino and restaurants. Acting as technical auditor, we co-ordinated the professional team to review the vendor’s reports.
Within our own report, we summarised key findings, budget costings and commented on the terms of appointment for the vendor’s team of consultants. We subsequently gave a presentation to the client and their advisors to discuss the implications of our findings.
Result
Our advice enabled the clients to assess the full ramifications of the vendor’s reports and impact on service charge recovery, ensuring that their decision to purchase was on the basis of a wholly informed decision.
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