Turnbull Associés advise UK investor on property sales
Turnbull Associés advises UK investor Resolution Property on sale of two McArthurGlen designer outlet retail villages in Troyes and Roubaix
The properties were sold to Ares Management for around €200m. Turnbull Associés, specialist building consultancy in Paris, carried out technical due diligence works before the sale and advised the vendor on technical issues raised during negotiations.
The technical input from Turnbull Associes allowed the vendor to anticipate likely issues and quantify risk while support provided during negotiations avoided technical problems being overstated.
Neil Turnbull, Managing Director of the specialist Building Consultancy firm added “It is essential for vendors to stay ahead of purchasers’ due diligence on technical issues”.