Savills was instructed to oversee the acquisition and let and manage the entire building of Britannia Lofts. The units, whilst in good repair, were presented in varying conditions, reflected on the varying rents being achieved.
To ensure the rent kept flowing and any maintenance issues were addressed, we assembled a dedicated property management team to manage the transition effectively with minimal disruption to the tenants. At the same time we devised a refurbishment and marketing strategy with the aim of achieving improved rents by addressing the varying condition of individual units as they became available.
Paul has been instrumental in ensuring our building is fully leased, both in the transition of existing tenancies alongside the re-letting of all units that were becoming available. His aim has been to minimise void periods which he has achieved as our building is fully occupied with the rent flowing. I thoroughly recommend Paul’s hands on approach.
D.Civil, Director, GSP Banner Street Ltd
A rolling refurbishment plan was then put in place whereby we managed to achieve improved rents as and when they came back to market and still managed to minimise void periods.
Over time the condition of the units has improved as well as the rent roll. The building is currently fully occupied.
