Case Studies

SCR JESSICA Appraisal

Development Appraisal & Financial Modelling
Public Sector Funding

CBRE Capital Advisors

Introduction

AspinallVerdi was appointed by CBRE Capital Advisors to carry out due diligence on the business plan and development appraisals for 12 x JESSICA (Joint European Support for Sustainable Investment in City Areas) projects.  We were required to carry out our review for the Sheffield City Region Board within a short timescale.

Review and Projects

We were specifically to prepare a concise report on each of the projects which included:

  • a review of all the appraisals submitted as part of the business case;
  • the reproduction of the appraisals using our own informed assumptions on costs / values and a presentation of the level of gap using such assumptions;
  • a summary, outlining what the level of funding gap was in the submitted
    business case and then the level of gap on our assumptions.

We appraised the following projects:

  • Ashroyd Business Park, Barnsley (within and outwith the EZ)
  • Barrowfield Business Park, Thurnscoe
  • Beighton Link, Rotherham
  • Capital Park (both Carnell and Marshalls), Dodworth, Barnsley
  • Coney Green Business Park, Clay Cross, Derbyshire
  • Enterprise 36, Tankersley
  • Everill Gate, Doncaster
  • Advanced Manufacturing Park, Rotherham
  • Woodhouse Link, Rotherham Alsop Fields, Sidney Street, Sheffield, S1

Project Management

In order to complete the review within the timescale we created a standard appraisal format and report template.  This responded to the 3 key questions above and also set out some additional caveats, qualifications and risks at the end of each report.

We compiled a database of the applicants assumptions, land value and property market research.



1801 Scr Jessica Appraisals Case Study
SCR JESSICA Appraisal