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Asset Management, Investment Sale, Property Management

Project summary

  • The property comprises two office buildings of 29,625 sq. ft (2,752 sqm)
  • The tenant's lease had a short unexpired term that impacted on capital value
  • To advise Worcester Diocesan Board of Finance Ltd on strategy to maximise capital return from sale of investment
  • Key aims were to maximise surrender premium and dilapidations settlement from outgoing tenant and agree best terms with new tenant


  • As property and asset managers, we formulated the strategy
  • The tenant’s exit and was managed tightly, including agreement of a surrender and dilapidation settlement
  • Agreeing a lease with a new tenant of strong covenant and on best market terms
  • Sale of the investment at significantly higher value
  • Retained as managing agents for the acquiring client


  • Increased capital value and return to client by 30%
  • Minimised vacant property costs
  • Presented opportunity to sell at best price for the client