Siemens, Ulverston

Project: Tronic Subsea Systems Limited, Ulverston

Client: Halifax Bank of Scotland / Merchant Place Property Partnership 65

Role: Technical Due Diligence / Monitoring Surveyor


New 114,377ft2 cutting edge Research / Development and Production Facility with bespoke clean rooms 100% pre-let to Tronic Subsea Systems Limited (later acquired by Siemens), arranged over two separate buildings.


We provided technical due diligence / monitoring surveying services to the purchaser / funder advising on property acquisition matters, competency of the Developer & its design / construction teams, financial appraisals, development, consultancy agreements, agreement for lease, security package, statutory consents, construction costs, programme, risk, design / construction quality and progress reporting. The property was the winner of the UK Commercial Property Awards ‘Best Industrial Development UK’ 2010 and ‘Best International Industrial Development’ 2010.