- Existing space
- approx. 2,875 sqmArea stated in the property materials at the time.
- Proposed extension
- approx. 656 sqmAdditional floor area proposed in the development concept.
- Review focus
- Tenancy and extensionPreliminary review for a potential acquisition.
Assessing the existing property and its potential
The existing lease and proposed vertical extension affected the investment case in different ways. The review sought clarity on lease terms, possible rental interruption during the works, operating costs and the scope and validity of planning consent. Lease, planning and building-condition information was requested.
Questions before an acquisition decision
Information about a temporary departure and possible return of the bank tenant prompted specific questions about the certainty and terms of a new lease. The proposed use of the extension and the purchase-price range were also examined. The work identified matters requiring clarification before a potential decision.
Project experience from an earlier role with BSCA Invest · 2023–2024.