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Gewebepark, Gladbeck

Client: HBI (Halverton Real Estate Investment Management)
Office: Munich Office is moved. Please contact your local office.

Sectors
Industrial

Services

Project cost
N/A

Gewebepark, Gladbeck Gewebepark, Gladbeck
Watts was instructed to undertake a due diligence inspection and report on Gewerbepark. The industrial estate located in Gladbeck comprises six detached units totalling a net internal area of over 30 000 sq m. The buildings were constructed in phases from the 1960s through to the mid 1990s. Various defects and shortcomings were noted with budget costs of approximately €362,000 identified up to and including Year 7. The reinstatement cost assessment valued the re-building costs of the property at over €31.6 million. Watts’ brief was to provide a pre-acquisition survey of the property. Watts commented on the condition of the building fabric and services installations at the property, as well as deleterious materials, environmental hazards, and compliance issues.

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