Case Study

Pioneer Point, Ilford, London

Client:

Helaba Landesbank Hessen-Thuringen

Project:

Mixed use Commercial and High rise Residential

Scale:

70,000 sqft commercial space. Two residential towers (33 & 24 Storey) 250,000 sqft, Totalling 294 residential units.

Role:

Project Monitor and Project Recovery

Description:

When the main contractor on Pioneer Point went into administration DJWA were called in. We were appointed as project monitors and project recovery experts to represent the Lender (Helaba Landesbank) with the aim of recovering this distressed project.

Pioneer Point was both technically and financially compromised. DJWA nursed the project back to life, from near failure towards successful completion. Pioneer Point is now a dominant feature on the Ilford skyline. Working closely with the Lender, Borrower, Professional Teams and new Contractor, we were instrumental in reversing the fortunes of this landmark development.