Hollis launches virtual due diligence offering
The international independent real estate consultant is offering to facilitate remote transactions, asset management and building data capture, sharing and analysis.
Combining Hollis’ H360 technology with its technical due diligence expertise, the bespoke digital package provides a simple and accessible way to carry out building due diligence from a distance.
Through an online data hub, buyers, vendors and asset managers can view a building before, during and after transactions while at the same time having access to all necessary TDD information and risk areas. The data hub can also be updated after purchase so that the new owner has a complete and up-to-date record with everything, such as project information, lease plans and licences for alteration, in one place.
Tom Willcock, surveying innovation partner, said: “Our virtual due diligence offering saves both time and money by limiting the need for multiple teams to go on site, enabling quick inspection times and strengthening the oversight of a building.”
Robert Ballantyne, partner and head of technical due diligence says: “With the need to keep transactions moving in an increasingly digital world, this virtual solution provides a simple and accessible way for clients to review our TDD virtually, allowing a seamless transaction process from anywhere in the world. The data can be used as an ongoing asset management tool, and can be assigned to different parties throughout the lifetime of the building.”
The data hub has been designed to be as accessible and efficient as possible, featuring pop-up photos to allow clients to have a closer look at risk areas and an intuitive and easy-to-navigate user experience.