One of the more understated profiles of Knight Frank is the capability to undertake Technical Due Diligence Review (TDDR) of buildings.
TDDR is quite often done to assist an interested purchaser of a building or a complex to make an informed decision regarding the physical state of the building’s facilities and equipment.
With the proliferation of REITS in recent years, Knight Frank has been actively sought after by our clients with respect to TDDR conducted for buildings.
Knight Frank have proven expertise, competence and ability to meet the demands of our high profile clients under very stringent and tight deadlines. These were demonstrated by the successful completion of TDDR for Singapore Airlines (SIA) Building, Anson House, Fuji-Xerox Towers and Central Mall Office Towers, among others.
Knight Frank’s responsibilities covered 3 major areas, namely:
- Structural review
- Mechanical and Electrical (M&E) review
- Property Management review
The scope of the reviews included the following areas:
- To highlight, if found, any area of concern, not limited to M&E and structural in nature.
- With respect to M&E areas, to highlight probable capital expenditure needed to replace the ageing equipment of the properties due to the ageing of the asset.
- Whether the electrical capacity of the asset can cope with the demand of present day businesses.
- Any maintenance issues.