Acquisitions: acquiring any property needs to be based upon a clear business case that justifies the investment in relation to what it will contribute to the effectiveness and efficiency of the business following acquisition. It is critical therefore to have clearly established the criteria that will be utilised in establishing the initial requirement brief and subsequently selecting one property over another.
Whether the property is for investment, ownership and or occupation it will be necessary for you to assess at the outset just what is the purpose and reasoning behind the acquisition and what benefits are required to justify the investment.
If you are an investor this will be around yield profile, opportunity cost, risk reward relationship, income security and short, medium and long term potential.
If you are an owner or occupier this will be around the ability to recruit and retain the best staff, convenience of location and accessibility, image, built environment, proximity to clients / stakeholders / suppliers. The relative value of these different elements will be affected by what you will use the building for – offices, call centre, manufacturing, distribution, retail, leisure.
We can advise on the following aspects:
- Assessing the need – what, how much, where and the necessary budgets
- Market commentary on the options available, locations, pricing. timing, strategy and ancillary considerations
- Searches based upon mutually agreed criteria to identify potential solutions
- Reviewing identified options against agreed benchmarks
- Short-listing
- Viewings
- Preferred option assessments and recommendations
- Recommendations as to “offer” terms
- Negotiating terms to purchase or lease
- Briefing and subsequently monitoring the legal team to completion
- Post acquisition support and guidance
