For most organisations outside of your employment cost property will be your next biggest overhead. Property can have a significant impact upon the performance of your business if it does not provide an efficient and economic operating platform. For example – office occupiers need the ability to recruit and retain the best staff as this is key to their success. The cost of recruiting new staff where high attrition / churn rates apply can be significant and far outweigh the cost of occupying a better specified and even more expensive property. The solution is holistic in that a range of elements need to come in to balance and we can work with you to find that equilibrium.

For investors it is about having a view on your exit options, making sure your property is attractive to occupiers and better value than the competition. This will enable them to secure better covenant tenants and with proactive management enhance the ability to retain those occupiers over time thus protecting your income stream and asset value.

The principles are therefore similar for all those who own or use property and we can advise on:

• Initial audit to assess the suitability of a property or properties for the organisation in relation to their business plan.
• Identify issues and opportunities
• Evolve a property strategy to address the findings of the audit
• Implement the strategy- release surplus assets – surrenders, identify alternate planning uses / re-gear or restructure leases /consider further investment options to enhance an asset / acquire additional property
• Monitor and reassess the strategy over time or against pre-agreed performance criteria
• Update the strategy to reflect changing conditions for yourself and the broader property markets