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.
