Prologis identified several assets where lease ends required a planned dilapidations approach. As ever we welcome early involvement as it’s the key to success and we were able to secure the role nationwide to provide dilapidation schedules to a number of key warehouse assets.
How did we help?
Applying Dowding and Reynolds five stage analysis, Vantage produced a dilapidations claim for each property including the use of a services consultant to address specialist installations.
Every lease differs as does the asset and here was a prime example. We applied a bespoke approach to each role and made sure no stone was left unturned.
When served on the tenants Vantage entered clear communication setting objectives and time scales were put into place to channel negotiations in a commercial and proactive manner. By focusing minds and actions, positive results were the outcome.
Most roles went without issue and objectives were attained, but there is always one and, in this case, Covid, plus international tenants were the disruptor. Luckily, the landlord works were performed, so with the loss proven we achieved the predicted outcome, which was set well before the role even started. A great result all round and enjoyable for the team as we all love big sheds!
Early proactive advice is essential to success, and good communication solves all problems. Performing works always helps as does obtaining good advice such as services where the asset values are high enough to justify fees spent.