Project summary
- Various industrial estate assets across the Midlands, totalling in excess of 1,000,000 sq ft.
- High running void levels
- Locations diversely spread across the region; Birmingham, Black Country, Solihull.
- To increase occupancy levels
- To increase rental tone
Solution
- Assess all the estates
- Prepare plans for the leasing of void accommodation
- Prepare recommendations in respect of refurbishments
- Prepare recommendations for general estate management issues
- Provide portfolio wide marketing recommendations, including multi-estate marketing initiatives
- Very close liaison with the client's asset management team
Benefits
- Significant reduction in void levels
- Portfolio void rate now running at less than 2%
- Ongoing uplift in portfolio value through rental increases
- Strong market presence of the Logicor brand
- Increased asset value through yield compression, created through asset management initiatives, including refurbishment
