Technical Due Diligence
There are circumstances when purchasing a property that require more investigative work than would be included with a typical building survey.
For instance, a developer may have undertaken a major refurbishment or constructed a new building which is looking to be purchased or taken on a long lease. It would be prudent to review the design and contract documentation in relation to what has actually been constructed to give the purchaser confidence that the works have been carried out satisfactorily and that the various statutory obligations have been met.
A due diligence exercise can be as simple or as detailed as the circumstances/client’s requirements dictate. Northwood Carter has been part of a team undertaking due diligence exercises on a number of health centre and warehouse developments varying from simple framed construction to complex diagnostic and operating theatre suites.
Our due diligence process allows the client to acquire the property from a well-informed position.