International Charity Lease Acqusition & Fit Out - Sri Lanka, Jaffna - Source8
International Charity Lease Acqusition & Fit Out – Sri Lanka, Jaffna
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International Charity Lease Acqusition & Fit Out – Sri Lanka, Jaffna

Client: A UK Government-Sponsored Charity Focused on International Education and Culture

Size: 600 sqm

Brief

  • Our client wanted to open an Educational Facility in Jaffna to increase their offering in Sri Lanka
  • Security is a key factory in any property selection process and solutions found would have to be able to fit the strict requirements

 

Challenge

  • There was no supply of any existing suitable options meaning that substantial modifications to an existing site or even building a new facility would have to be the solution
  • Real estate prices are low yet landlords willing to consider long term solutions and modifications on their sites was limited

Solution

  • Source8 undertook a detailed market search to identify options and to the scope the level of potential capital expenditure required to adapt the properties to the clients security and operational needs
  • Source8 was able to assist in the selection of the site and negotiate lease terms that incorporated rights to modify the site as well as commitments from the landlord to demolish certain aspects and obtain planning permissions for the desired modifications to be made
  • Source8 was able to undertake the Project Management of the site modifications from the design phase, through contract selection to final build supervision

Value added

  • Source8 was able to combine its transaction, risk and project management services from beginning to the end of the project to ensure that the site was properly selected, lease correctly structure and fit-out suitably managed

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