Logicor portfolio

Location

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