PROJECT MONITORING FOR OCTOPUS REAL ESTATE

Location: Cheadle, Stockport

Client: Octopus Real Estate

Description of Works: Demolition of an existing building and construction of a three storey 68 bedroom Care Facility and associated infrastructure.

Services: Project Monitoring – We undertook an initial due diligence report for the Funder followed by monthly interim due diligence reports as the development progressed. Saunders kept the Funder fully updated on progress, statutory issues, financial drawdowns and any other issues or concerns throughout the development. Saunders worked closely with the Borrower and their design team to ensure all actions were being managed to reduce the risk to the Funder.

GDV: £7.3m

Status: Complete