PBC was appointed as Fund’s Surveyor by Aberdeen Standard Investments on behalf of the site owner, for the development of a new 220,000 sq.ft. production facility for ELeather, an award-winning materials technology company.
The development is located on the Roxhill Development’s Gateway site in Peterborough, next to J17 of the A1M. It is an 11.5 acre plot and, in addition to the new single-storey production facility and three-storey office building, it has a 50m external service yard, 210 car parking spaces (including 15 accessible spaces) and 45 external HGV parking spaces.
PBC provided due diligence construction appraisal advice, prior to the client entering into a Development Finance Agreement, and then provided interim monthly monitoring reports for the funder, including checking valuations for interim development finance. PBC also assisted with advice on reinstatement costs for fire insurance purposes, and monitoring the tenant’s fit-out works for a Licence for Alterations to be granted.
Ensuring the base build development specification adhered to institutional standards, and was of good quality, was a key requirement of the project. In addition, PBC had to check that all contract appointments, warranties and other contract documents were reviewed and completed in line with the programme.
As the site required a very high electrical capacity, a new electrical sub-station was required as part of the build. This meant that all parties had to work together to expedite completion of the transformer legal agreements to enable energising in accordance with the programme.
Throughout the project, PBC carried out monthly site visits to check that the build was progressing in line with the agreed programme, that the quality of the work was being undertaken in compliance with the agreed specification and that statutory legislation was being adhered to, to protect the funder’s interests.
Aberdeen Standard Investments
ELeather, Plot 110A, Peterborough Gateway Site
Fund Monitoring Surveyor
Approx £10 million (Base Build)
12 months (Pre and Post Contract)