8 May 2019
SHW were instructed to complete a Reinstatement Cost Assessment for insurance purposes for a large book distribution centre in Eastbourne - a sprawling complex of mixed-use warehouses with a combined footprint of over 194,000 sq ft.
The buildings are currently used as a storage and distribution centre with unique features such as an over-road conveyor bridge linking two of the units and highly specialist plant housed in warehouses standing 15m in height.
Accurately calculating reinstatement costs is crucial as the process is becoming increasingly complex due to ever-changing regulations being imposed on the way buildings are designed and constructed. Our assessment concluded the property was significantly under-insured and the unique features of the building had not been considered in the insured sum.
Insurers are also able to apply averaging charges on claims, which if the building is underinsured leave the policy holder liable for the difference between the insured value and rebuilding cost.
SHW Partner Adam Jordan said: “SHW are recognised for our experience with commercial premises especially regarding warehouses and mixed-use sites. We were delighted to be able to exercise our expertise on this instruction. It’s important that owners and tenants ensure their property is appropriately insured as in many instances it is a specific requirement under the terms of a commercial lease.”
23 November 2020
NEW INSTRUCTIONS BOOST LONDON WORKLOADfull story
23 July 2020
SHW assist West Sussex company supply PPE to the NHSfull story
29 May 2020
IT’S A RUM JOB…BUT SOMEONE’S GOT TO DO IT!full story
6 May 2020
What steps should property managers take to ensure buildings are fire safe?full story
24 March 2020
Building Regulations and Fire Safetyfull story
24 January 2020
Record rental levels for 27 Queen Anne’s Gate, Westminster after refurbishmentfull story
29 October 2019
Resurrection after fire – SHW Project Managementfull story
25 October 2019
Building Consultancy case study - optimising estate assetsfull story
19 June 2019
Shedding old warehousing for C21st rebootfull story
17 June 2019
SHW win major Grange Property Management tenderfull story
13 May 2019
Protecting people from fire – providing assurance to our clientsfull story
19 March 2019
Trafalgar Place – balancing interests to maintain vibrancyfull story
28 February 2019
Project Management – Delivering client expectationsfull story