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- Acquisition of 150,000 sq ft landmark multi- let office in JV with Investcorp in June 2021
- Implementation of lease up strategy to eliminate entry level vacancy of 19%, including creation of smaller office suites and delivering fitted space
- Proactive asset management planning to minimise any pinch points in the income stream
- Asset Management Initiatives
- Created additional lobby space and a link between the two office buildings.
- Subdivided floors to provide a mixture of suite sizes, catering to the smaller occupier.
- Suite fit out includes individual kitchens, carpets and meeting rooms, to enhance their appeal & minimise upfront costs for occupiers, resulting in maximising income and reducing void periods.
- Total Capex spend was c. £1.5m and has increased ERV to £3.1m
- The asset management team continue to identify, implement and prioritise value add initiatives to build community, enhance the environmental credentials and maximise income and capital gain
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