Before an Elemental Cost Plan can be generated, the proposed Client Requirements must be reviewed.

The Client (BHD) is considering undertaking a property development in Berlin and has identified two sites of potential interest.

BHD have provided the following key considerations:

·         BHD are keen to explore the potential to add more floor space to the property.

·         BHD are an experienced mixed-use developer.

·         BHD are keen to see something that is sustainable, meets local objectives and stands out as an exemplar project.

After an initial assessment and a preliminary meeting with the client on the evening of 2nd June, Building 1 has been chosen as the preferred site based on the following assumptions:

·         The Client is assumed to want to maximise the financial return on their investment.

·         The Client is assumed to have a reasonable budget to develop the two identified sites.

·         The Client is assumed to hold the following values in order of precedence:

o    1. Cost

o    2. Time

o    3. Quality

The existing building will be refurbished against the criteria listed within the Preliminary Assessment.

Refer to ‘Table 1: Building 1, Corner of Mollstrasse and Otto-Braun Strasse – Existing Building Refurbishment Observations:’ for an assessment of the refurbishment criteria against the Elemental Cost Plan criteria

The approximate Gross Internal Floor Measure is calculated as 26.49m x 79.42m = 2,103.84m2.

A full comparative elemental cost plan is generated by downloading a similar elemental cost analyses from BCIS. Refer to Fig 1 Reference - BCIS - Warehouse - #33351 (Lewisham, London) Reference Project - Cost Plan’ for the Reference Cost Plan.

The BCIS search was narrowed to the following criteria:

1. Basic Parameters:

800. Residential Facilities – 818. Housing with shops, offices workshops or the like

2. Building Specification:

Floor Area – Gross Internal Floor Area Custom Range – 1000 to 4000 m2

Number of Storeys – Number of Storeys Range 6 to 14nr

The reference file was adjusted to the following criteria:

Re-based Location to London

Re-based Date to Q1 – 2026

Rebased to Berlin using the ‘International Construction Cost Index 2024’. Arcadis (2022).

01  - London Average Location Index – 223

25  - Berlin Average Location Index – 153

Rebase value for Cost Plan = 153/223 = 0.686