Technical Due Diligence
Prior to the acquisition of a property or lease, it is vital that a Technical Due Diligence informs your decision making process. A Technical Due Diligence Survey is a detailed technical report on the building or leased demise to assess risks that may have an impact on investment value or its suitability for your intended use.
Technical Due Diligence is integral to any commercial property transaction as they assess the technical risks for either investors or occupiers and is a core service for Knight Franks Building Surveying Department.
A Technical Due Diligence report is normally prepared for a prospective purchaser or tenant of a property asset or portfolio. However, they can also be prepared for a building vendor to assist in the sale process. Either way, we tailor our reports to meet your specific needs from each transaction.
Our reports provide an executive summary together with a description of the features and condition of each building element and its likely performance. We also provide budget forecasts for future repair costs. Our careful visual assessment of the property always includes analysis of the available construction and facilities management documents. In addition to a subject lease for example, we would also inspect and comment upon the common parts of the building or block to identify abnormal service charge items.
Whether you are a fund, investor or tenant, our expert and comprehensive Technical Due Diligence report is invaluable.
Service options
- Technical Due Diligence Report for investors and funding bodies.
- Pre-Acquisition Building Survey Report for tenants.
- Technical Due Diligence Report for part of a ‘vendors pack’.
- Schedule of Condition to describe the existing condition and features of property.
- Reinstatement Cost Assessment for building insurance purposes.
- Integrate our report with specialist engineers, where required
We have an extensive experience of accomplishment in providing any scale of survey for the full range of property use types. Our past sectors for this service include all forms of offices, healthcare, public buildings, education, industrial & logistics, hotels, residential and retail.
We thoroughly inspect each property to be assessed, ranging from large portfolios to a single floor or unit, often working closely with your legal advisers. We also manage and integrate with specialist engineering consultants to suit your specific requirements. Our Survey services are delivered in full accordance with current RICS guidelines.
Benefits of this service
- Provides an impartial technical assessment tailored to your interests.
- Supports stress free decision making on the acquisition or transaction.
- Detailed report with long-term budget cost and liability guidance.
- Confirms suitability of the property for its intended use.
- Can inform negotiations for an improved set of terms for a transaction.
- Advice from a highly experienced and well-respected national team.
Our reports provide clear technical information and cost advice for your stress free decision-making and successful negotiations on property transactions.