Assessing risks and forecasting costs for informed acquisitions

JULPHAR RESIDENCE

GIC were seeking to acquire Julphar Residence, located on Al Reem Island, Abu Dhabi. Accordingly, GIC engaged RLB to conduct a technical due diligence survey on the property to provide them with assurance that the building was in good condition.

The key objective of the client was to identify the condition of the assets within the property and understand any risks associated with the acquisition of the property from a construction aspect (civil, mechanical, electrical, fire protection).

In addition, RLB conducted a financial analysis of the property’s assets to provide a 10-year capital expenditure (CAPEX) forecast to replace the major assets as their service lifespan expires.