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Multi let industrial portfolio

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
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