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Yvonne Smith

Partner

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I’m a Partner in our Property and Asset Management (PAM) team based in London. I joined Gerald Eve in the summer of 2017 bringing over 35 years’ of experience in property and asset management with me, having worked with a range of organisations including Helix Property Advisors, RNIB, JP Morgan, The Worshipful Company of Mercers and two local authorities.

I’ve worked on Asset Management and Project Management of commercial investments. I’ve also set up and developed a business centre that provides clients with a service from acquisition to hold during ownership through to final exit and disposal.

I provide pre-acquisition advice, due diligence, on-boarding of investments (single let, multi-let, all regions, all sectors of commercial property). Part of my role is to ensure that our stewardship means value is added and maintained, cash flow is strong through rent collection, the fabric of the building is compliant and kept in accordance with the lease and the investment is always ‘sale ready’ should the client wish to liquidate at any point.

My key clients include The Daily Mail Pension Fund, Morden College, House of Hiranandani, Christs Hospital together with High-net-worth individuals and family offices.

 

MY RECENT PROJECTS

  • UPS Warehouse, Kentish Town, London 2019 – This was not on the clients ‘for sale’ list: however, the Industrial Market was at its most bullish and there was potential for a special purchase. Our team reviewed and responded to unsolicited off-market approaches at prices in advance of valuation, which we recommended to refuse. We then prepared a detailed market and recommendation for sale report and conducted a marketing campaign in tandem with our Planning & Development colleagues to ensure future upside potential and change of uses were incorporated into the process. Ultimately, we sold the asset for a price that was 90% over valuation.
  • Winchester HQ 2019/20 – A lease to a high-profile company expired at their regional HQ in February 19: they advised that the building was too small and that they would be moving. Working with Bankfoot Developments, we proposed a plan that added c10,000 sq ft to their HQ. Following the completion of An Agreement for Lease, work commenced on site in November 2018, with the tenants returning to site in March 2020. This provided the client with a development profit. Just as importantly, it meant they secured a lease of 15 years with a great covenant in a strong regional location, rather than being faced with a vacant office requiring speculative refurbishment.
  • Forward Funding Coventry 2018/19 – The site is held Freehold and consists of a 3.6acre development site with planning consent for the construction of a new multi-unit industrial estate totalling 65,000 sq ft GIA at ground floor level. I was part of the team that made a successful bid to Forward Fund five industrial units in this well-connected location. A Development Agreement was completed in October 2018 and the development completed in September 19. The units are currently on the market to let through a joint agency which includes GE Birmingham Office. Valuations indicate a strong profit with growth over the medium to long term.

My Services