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Watts was appointed to carry out detailed technical due diligence inspections of the Bouwfonds Portfolio, located in the Netherlands, and to provide cost consultancy advice to facilitate future business planning on the part of the client. Surveys of the 39 office and warehouse properties were carried out over a period of six weeks. Working in association with environmental consultants and agents, Watts was asked to provide reports detailing the condition of the structural elements of each building and the M&E services installations and to carry out fire insurance valuations.
Watts' brief was to produce reports on the structural fabric of the properties and the mechanical and electrical services installations. Watts was also instructed to provide detailed costs for repair and refurbishment, allowing the client to prepare a business plan over a period of eight years. Fire insurance valuations were provided for all 39 properties. The client used the reports and costings in their negotiations of the final purchase price.
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