Andrews Road
Overview
Off-market Freehold investment / Development.
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.
Approach
Negotiate break of existing lease which had a significant rent review pending and purchase of new 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 of conversion from light industrial warehouse to car pound.
Negotiation of site acquisition.
Appointment of contractor to deliver completed operational facility.
Development management of scheme from inception through to planning application.
Client
London Borough of Hackney
Status
Complete
Service
Development Agency / Development Management
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