andrews road
Overview
Acquisition of off-market Freehold.
Acquisition of former furniture manufacturing building situated on a 1.25-acre site in central Hackney. Relocation of previous facility outside of the Borough, into the Borough.
Negotiated the break of existing car pound lease, which had a significant rent review pending and the purchase of new Freehold car pound site.
Demolition of rear buildings to provide car pound storage, refurbishment of existing retained front buildings for office accommodation, installation of modular customer service centre and securitisation of entire site.
The new facility provided significant savings in rent, improved site management and reduced future operational costs.
Scope of role
Identification of site
Feasibility study of conversion from light industrial warehouse to car pound for London Borough of Hackney
Business planning
Negotiation of site acquisition
Site Design
Selection and appointment of contractor to deliver completed operational facility
Development management of scheme from inception through to securing planning. Handover of project to contractor and monitoring of project on behalf of client London Borough of Hackney Parking to operational stage.
Client
London Borough of Hackney
Status
Complete