- In 2018, Citivale, in partnership with a Private Family Office, acquired a 138,150 sq ft. warehouse investment in this key Midlands location
- Citivale negotiated and secured an Agreement for Lease for a 30,900 sq ft extension to the unit with the tenant.
- Throughout 2023-24 Citivale acted as Development Manager for the project
- Key roles
-Procurement of Project Team
-Securing planning consent
-Detailed design and tendering
-Appointing contractor on 34 week build programme
-Cost management of £2.5m budget
- Practical Completion (PC) was achieved on-time and on-budget
- As agreed in the AfL, at PC a surrender and re-lease across the whole c.170,000 sq ft. unit commenced, securing the tenant on a new 20 year term and delivering a 40% uplift in rent for our client