SEARCH & ACQUISITION

Company restructuring whether by expansion or downsizing will often require the acquisition of additional or alternative business premises.

Assessment of the type, size and location of new premises is the starting point though the final acquisition is likely to be determined by availability, cost and (most probably) a compromise between the ideal and what is a workable solution within the time allowed.

In between the requirement brief and acquisition comes the complicated detail involving extensive market search; filtering out of unsuitable property; assessment of planning & environmental issues; structural condition; evaluation of acquisition cost and any necessary alterations; suitability for installation of manufacturing/storage equipment, staffing, etc.; power supply or other utilities; neighbourhood and accessibility, and so on. Many more parameters can be applied.

Without specialist property advice the overall evaluation can be extremely time-consuming and distracting to the day-to-day business management.

I have extensive experience of acquiring business premises of all shapes & sizes, working for clients ranging from small local independents to high value global conglomerates. Generally speaking, they key to success is an efficient line of communication with the key decision-makers, enabling constant evaluation of the available opportunities. Underlying this is a strong market knowledge of what is actually available on-or-off market and how to fast track reporting and investigation procedures.

After the client’s preferred options have been considered and approval given to proceed my role usually involves continued evaluation of new opportunities in parallel to follow-up detailed investigations on the selected property and monitoring of planning, environmental and legal contract issues.