Astute management of property interests at a strategic level helps maximise returns and drive values. This not only applies to individual properties but also to multi site portfolios. The audit and review of existing property holdings can lead to the identification of key issues and opportunities affecting property value such as lease expiry, assessment of development potential, development site assembly, building condition and dilapidations and break clauses to name but a few.
It is often forgotten that the capital value of property can sometimes be significantly enhanced by sound and timely advice on rent review and lease renewal or by the variation of lease terms, while the value of the property portfolio can be maximised by selling and reinvesting when market conditions are right. Typical examples of asset management initiatives we have undertaken for our clients are as follows:
- Conducting strategic reviews of operational and non operational property portfolios to identify opportunities to add value for occupiers and investors alike
- Managing/reducing day-to-day costs associated with surplus properties
- Maximising income/letting opportunities
- Rationalising surplus accommodation and re-letting
- Exploiting development potential and advising on complete or partial disposal of individual sites or property portfolios
- Negotiating surrenders of leases and re-gearing of leases
- Advice on alternative use of property to maximise returns
