The Challenge:

In the rental agreement both parties Landlord and tenant had agreed on a penalty if there were any delay in the handover towards H&M. We had an construction period of 8 months and we could not start earlier after the rental agreement were sign by both parties. Another big challenge was that a big part of the new situation was unclear after signed lease agreement such as the kind of stairways, kind of elevators etc. We started with demolishing works asap and during these demolishing we had to made new drawings and impression of the new situation and after approval of H&M we could instruct this part of the works. The total investment of this renovation was 2.4 MIO.

The Solution:

BNP started to make good agreements with contractor in order to make sure all works were completed within 8 months. BNP made sure that project management was ‘on top’ of this project in order to make sure that all works was completed in time. The project manager was 3 times per week on location and had a weekly call with H&M in order to discuss progress of the works.

Let's talk about your project

Whatever your needs are, our advisers are at your disposal to guide you in the best possible manner.

DO YOU NEED MORE INFORMATION?
Contact me
DESCRIBE YOUR PROJECT HERE
You are : *

BNP Paribas Real Estate, a simplified joint-stock company registered at 50, cours de l'Ile Seguin, 92100 Boulogne-Billancourt, acting as  Controller, processes information about you for the purposes of keeping statistics and executing any requests submitted to us through the website and, in some cases, for the purpose of sending you commercial solicitations (based on your consent or any applicable regulation).  For more information about how BNP Paribas Real Estate is processing your personal data in this context and an explanation of your rights (including a right of access, rectification, objection to direct marketing and a right to set guidelines with regards to the use of your personal data after your death, as well as, in certain circumstances, a right of erasure, restriction of processing, data portability and a right to object to other forms of processing) and BNP Paribas Real Estate's obligations in that respect, please consult our Data Protection Notice available at : https://data-privacy.realestate.bnpparibas/.