Procession House, London

Preparation of pre-acquisition due diligence survey at purchase prepared dilapidations claim & negotiated against tenant as part of a potential surrender.

Procession House, London

Client:  Legal & General

Location:  Procession House, 55 Ludgate Hill, London

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

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

Duration:  Pre-acquisition survey and dilapidations advice in two weeks.

Sector:  Office

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.

Huw Dixon

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