Centro Sicilia Shopping
YOUinIT carried out building services due diligence for Centro Sicilia Shopping Centre in Catania.
Building type
Retail
Client
OWTC
Floor area
50,000 m²
City
Misterbianco (CT)
The project
Shopping centres follow a development process that begins with construction and continues through letting and commercialisation, which in most cases increases the property's market value. This capital appreciation depends on the operator's ability to attract leading retailers from different sectors to invest in leases within the centre. Once the centre reaches its full development potential, the investment funds that own it face 2 choices: the first is to invest in maintaining the centre and create further investment opportunities; the second is to sell it to another investor.
YOUinIT provides the consultancy required to assess the condition of the property and its building services, enabling the seller or buyer to manage the transaction with due consideration of the works needed to keep the building operating at its best. Potential improvements to increase the building's efficiency are also assessed. The same process can be applied to all types of property, covering every discipline and providing assurance to both parties.
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Scope of services
Site inspection and comprehensive assessment of existing conditions
Detailed analysis of building services and their maintenance condition
Review of the data room and issue of a detailed report
Preparation of capital expenditure schedules ranked by severity and priority, with cost estimates
Final overview report and detailed appendices