| Watts
was appointed as due diligence and audit advisor
on the Longfield Road Retail Park scheme. The scheme comprised
ground improvement works, clearing and demolition of existing
buildings, provision of new entrance roads, and associated
highways works under a Section 178 notice. Four new retail
warehouse units were constructed, including a garden centre
and builders yard, hard and soft landscaping and a car park.
Watts was responsible for reviewing construction
and legal documentation and providing an audit. A report was
given on monthly progress and issues of concern during the
course of the works. This included: valuations for drawdowns;
reviewing the issues important to the fund's long-term investment
and ownership of the development; and coordinating changes
and snagging issues with the contractor and tenants upon completion.
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