Great work by all the team at PRE – A Big Well done!

In Q1 2020 PRE Technical Due Diligence (TDD) Building Consultancy team are pleased to have undertaken comprehensive advice on behalf of a National PropCo to facilitate the acquisition of a prime Retail Warehouse Investment.  Great work by all the team at PRE – a big well done. Nationwide, Mobile & Fast

Investment Summary

  • 128,106 sq ft (11,901 sq. m) total GIA arranged over seven retail warehouse units, an A3 pod and two additional storage units.
  • A diverse tenant line up including Next, Boots, TK Maxx, Argos, Home Bargains, Decathlon, Peacocks and Costa.
  • Vendor was seeking offers in excess of £21,100,000 (Twenty One Million One Hundred Thousand Pounds) subject to contract and exclusive of VAT.
  • A purchase at this level reflects a 8.25% Net Initial Yield after purchasers costs of 6.75

Client Technical Due Diligence:-  

1. Building Condition Survey      

Every property and instruction is unique, and PRE Chartered Surveyors’ Building Surveying services are tailored accordingly to meet your objectives, effectively manage your risk and add the maximum possible value.

When weighing up whether to acquire or lease a building, it is critical that you have the right information to hand, from its general condition, to whether the interior layout is fit for requirements – producing reports to help you reach a considered decision.

Our TDD service at PRE  seeks to reveal the true nature of a building, starting with a building survey, assessing repair obligations for leases and benchmarking the property against industry standards. PRE can advise on the core elements of property such as; structure and fabric, building engineering services, legal and compliance matters, energy and sustainability, maintenance and projected capital expenditure.

PureRES Area Measurement

2. Mechanical & Electrical Survey

Working with our M&E Building Services partners, PRE provide a joined up working approach to ensure that our clients receive a comprehensive service in accordance with requirements.

PRE work together with our M&E building services partners to provide due diligence building surveys and innovative design solutions that are tailored to our customers’ specific requirements in connection with our project management services. As a result, PRE  ensure that our clients can rely on specialist information and designs for all aspects of building services.

PureRES PropTech

3. Reinstatement Survey (RCA)

Accuracy is essential in ensuring that a property is adequately insured, should the property be completely destroyed. Most underwriters will insist of a professional evaluation of a building. Our expert team is highly experienced and has the technical expertise to carry out this assessment.

4. Area Measurement Report

Bringing fast, accurate and due diligent expertise to referencing buildings. In order to maintain and safeguard the trust and confidence of our clients, we place paramount importance on the maintenance of certain standards of conduct. PRE standards of conduct are principally made up of certain rules, regulations and ethical principles.

Our specialist property team offers you considerable experience in preparing Area Measurement Reports and Measured Building Surveys/Architectural. Our reputation for providing a fast, accurate and cost-effective service – whether for city centre offices, retail premises or industrial sites – is underpinned by using the latest technology for reporting.

5. Drone Roof Survey

Whatever the type and wherever the property, PRE Chartered Surveyors can help you with facility and asset management through the use of technology.

We provide a unique blend of aerial mapping and land planning expertise to produce detailed site assessment, terrain modelling and hydrology assessment. We also provide roof inspections, aerial photography and filming services giving you more information which may not be possible from the ground.

PureRES PropTech

6. Phase 1 Environmental Report   

Our environmental due diligence specialists are able to cover the whole of the UK. 

Whether clients are planning a small transaction on a single building, a multi-site multi-regional property portfolio transaction, or a large corporate acquisition, we can help by providing insightful due diligence consultancy that supports decision making and facilitates deals. We know that tight timelines and confidentiality go with the territory and we have built a reputation for quickly mobilising resources.

7. Cladding & Fire Risk Assessment 

Working with our specialist Cladding & Fire Risk partners, PRE provide a joined up working approach to ensure that our clients receive a comprehensive service in accordance with requirements.


Please do get in touch with one of our experienced team members for advice or a competitive proposal.

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