Purdey Silvester was the appointed Project Manager who oversaw the annual assessment of various large commercial property portfolios to establish the reinstatement costs for insurance purposes for various Henderson Global Investor funds. The following formed part of the process:
- Full inspection of each property, in line with RICS requirements, including a full measured survey.
- Using actual project cost data and standard industry pricing sources ‘day one’ cost assessment values were provided for each property. In addition to this a desktop annual uplift was provided for the two years in between physical inspections.
- Each report provided useful details on the property’s construction as well identifying any breaches of landlord statutory obligations or urgent repairs.
- The fee structure was clear and transparent to aid recovery via service charge.
