Asset Management Case Studies

St Georges Retail Park, Leicester

April 2016

St. Georges Retail Park Leicester
  1. New leases agreed and implemented with: Wickes, Iceland, Maplin, Mattressman, Pets at Home and Aldi
  2. Income of £1.25m pa generated and maintained
  3. AWULT increased from around 2.5 years to circa 6 years
  4. Façade refurbishment programme underway
  5. Planning consent for 25,000 sq ft Open A1 retail development to front of scheme (88% under offer by floor space)
  6. Road/access improvement scheme approved and planned as part of new development.

Eldon House, Eldon Street, City of London

April 2016

Eldon House, Eldon Street, City of London

In line with strategy rents being achieved of £52 plus per square foot per annum above the £31 per square foot per annum rent passing on acquisition.

Kew Retail Park, Richmond

April 2016

Kew Retail Park, Richmond

Rent review settlements across three units on the park generated £75,000 per annum of additional rent, ahead of ERV, and added over £1,200,000 of value.

Market Street, Manchester

February 2016

Market Street, Manchester
  1. Lease renewal agreed with Adidas for a further 10 year period.
  2. Income of £550,000 pa maintained and £1,600,000 of value added.

6 Arlington Street, St. James, London

January 2016

Arlington Street, St. James, London

Successfully negotiated a lease surrender of the ground and basement floors at Arlington Street in London’s St James’s and then re-let the space to a new occupier at a rent significantly ahead of the former rental income for the unit. Adding value and retaining income over the long term.

The Charles Darwin Centre, Shrewsbury

September 2015

Charles Darwin Centre, Shrewsbury
  1. In line with strategy UKCPT lets 30,300 sq. ft. to Primark.
  2. New anchor triggers £12 million investment to include fit out of the new store and the transformation of the Centre’s public areas with new floors, ceilings and lighting.
  3. Nine units amalgamated to create the new anchor store.

Refurbished mall and store due to open in June 2017