Project Description

Procession House

Due Diligence Survey and Dilapidations

BUILDING ADDRESS

Procession House, 55 Ludgate Hill, London

VALUE

£68m building value. £6m dilapidations claim value.

SITE DESCRIPTION

130,000 sq. ft. office with retail to ground floor, constructed over Thameslink station.

DURATION

Pre-acquisition survey and dilapidations advice in two weeks.

CLIENT

Legal & General

EXPERTISE

Acted for the landlord. Prepared a pre-acquisition due diligence survey at purchase, prepared dilapidations claim and negotiated against the tenant as part of a potential surrender. Provided technical support and advice on the sale of the property.