AECC University College acquired
Instructed to provide pre-acquisition due diligence
Pre-Acquisition Due Diligence Case Study - AECC University College
20
days
Enabled acquisition completion within 20 days
14k
sq ft
Educational building
Challenge
Referred to Vail Williams by their lawyers, Steele Raymond, we were instructed at the height of COVID-19 lockdown to carry out pre-acquisition due diligence which would enable contracts to be exchanged within just 20 working days.
How we helped
- Acted quickly to undertake comprehensive building survey
- Carried out an insurance reinstatement assessment
- Completed a Charities Act compliant valuation report
- Supported client’s longer-term objectives for the site, arranging measured survey and full building plans
Vail Williams were a very responsive and supportive partner during the property transaction. Russell frequently checked in to ensure that the work was progressing as hoped. I am very happy to recommend.
Julie Currin, Chief Operating Officer, AECC University College.
Results
- Building surveys were completed on time
- Property was successfully acquired, with Exchange of Contracts within 20 working days
- Supported client’s future plans through ancillary property advice
Initially I struggled to identify firms who could provide a Charities Act Valuation, a building survey and a valuation for insurance reinstatement purposes within our tight timescales, until I was introduced to Russell Miller at Vail Williams on the recommendation of our solicitor. We received a comprehensive building survey and Charities Act valuation as well as ancillary advice regarding the procurement of measured drawings and the breadth of the new property’s Planning Use Class.
Julie Currin, Chief Operating Officer, AECC University College.
Get in touch
If you think you may need similar support to that described here, or you would simply want to have an informal chat with a member of our team to discuss your property needs, get in touch.
SouthamptonPortsmouthBournemouth
Southampton
ReadingHeathrow
