Refurbishment project specified, tendered and contractor appointed during Administration process. Project works targeted environmental improvements where possible, improving the EPC substantially from a D to an A rating.
Start on site dovetailed with Lease surrender from the Administrators, eliminating any void period.
Opportunistic exit achieved during the refurbishment works so that a sale completed in Summer 2023 immediately upon practical completion of the works, releasing capital in excess of valuation and business plan.
