Every property consultancy in the UK advises within the office sector. What really separates us from our competitors is the work we do with occupiers; we currently advise 42 of the FTSE100 and other leading global companies such as Associated Newspapers, Ericsson, JPMorgan Chase, GlaxoSmithKline, ITV and BAE Systems.
Since mid 2007, the business and property press has continued to overwhelm the market with stories about the “credit crunch” and financial turmoil. With large parts of the office market linked to the health of the financial and business services sectors, and with property owners facing falling capital values and negative rental growth, significant opportunities will emerge for occupiers in parts of the country. For instance: - Landlords will want to add value through active investment management, and in return for extended lease commitments occupiers will be offered more favourable terms - reduced rent, rent payment holidays/cash and capped rents at future reviews
- Occupiers who want to move, but have existing/legacy leasing liabilities will be able to offload these as part of incentive packages being offered by landlords to attract occupiers to their scheme
- Refinancing difficulties and pressure from early redemptions are forcing some landlords to sell. Hardest hit is the City of London where a significant proportion of the building stock is officially/unofficially for sale. Occupiers are well placed to benefit – opportunity to buy their own building with the possibility of a sale and leaseback or co-purchase with an investor and share in the value their leasing commitment creates.
Opportunities such as these require tough negotiators, which is where our offices team excel. Whether its advice on acquisitions, disposals, rent reviews, lease renewals, property audit and taxation, planning, building surveying or anything else, our clients know we will bend over backwards to secure them the very best outcome.
The landlords and investors whom we advise benefit from our knowledge and relationships with occupiers. We can provide them with a unique insight into the issues that are at the heart of occupiers’ needs and what’s more, we just get on with the task in hand with efficiency and minimum fuss.
Finally, a relatively new service we are now able to offer our clients is managing large and small construction projects. This might include benchmarking occupational densities, advising on how best to configure their space to maximise floorplate efficiencies, whilst managing the entire fit-out process.
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